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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] 2 questions here Posted by Dante on February 16, 2002 at 7:28 PM 1.) In a situation with a first and second (both institutional lenders) and the first is foreclosing (assume we are now in the 21 day period of the process), if I buy out the second position and bring the first current, does the clock start all over again with the 3 month/21 day cycle if I (holder of the second now)foreclose (assuming my newly purchased note has the superior leans kept current clause in it) or does the clock continue to click in the original foreclosure in which the sale will occur at the end of the 21 day period I mentioned above? 2.) Up to what point in the 21 day period would it be safe, in terms of having enough time, to buy the second and bring the first current (obviously the more time, the better) but would 10 days before the sale be enough? Follow Ups: Re: CA reinstatement time period. Ward-CA- 7:31 AM, 02/18/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : 1.) In a situation with a first and second (both institutional lenders) and the first is foreclosing (assume we are now in the 21 day period of the process), if I buy out the second position and bring the first current, does the clock start all over again with the 3 month/21 day cycle if I (holder of the second now)foreclose (assuming my newly purchased note has the superior leans kept current clause in it) or does the clock continue to click in the original foreclosure in which the sale will occur at the end of the 21 day period I mentioned above? : 2.) Up to what point in the 21 day period would it be safe, in terms of having enough time, to buy the second and bring the first current (obviously the more time, the better) but would 10 days before the sale be enough? Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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