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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Questions on JBBs... Posted by Ward-CA- on February 18, 2002 at 8:48 PM In Reply to: Questions on JBBs... posted by Alfred, #1 Trainee on February 18, 2002 at 7:10 PM : Hey Ward, : I'm doing a little bit of work on perfecting the JBB system. Have a couple questions... : 1) Once you buy the 2nd wouldn't it be a good idea to request a reinstatement statement from the foreclosing 1st just for the purpose of finding out what the exact term, interest and remaining balance is, so that you have all the details? : 2) Once you buy the 2nd, wouldn't it be a good idea to contact the trustor or send them a letter with some good contacts (brokers and finance companies) that might be able to get them a refinance loan, thus expediting your pay off? : Thanks in advance. =•=•=•=•=•=•=•=•=•=•=•= Alfred, 1). Sort of anti-climatic since you already own the 2nd, so whatever the details of the 1st turn out to be you’ll have to deal with them regardless. 2). I don’t think it would hurt at all and might do some good—good suggestion. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Hey Ward, : : I'm doing a little bit of work on perfecting the JBB system. Have a couple questions... : : 1) Once you buy the 2nd wouldn't it be a good idea to request a reinstatement statement from the foreclosing 1st just for the purpose of finding out what the exact term, interest and remaining balance is, so that you have all the details? : : 2) Once you buy the 2nd, wouldn't it be a good idea to contact the trustor or send them a letter with some good contacts (brokers and finance companies) that might be able to get them a refinance loan, thus expediting your pay off? : : Thanks in advance. : =•=•=•=•=•=•=•=•=•=•=•= : Alfred, : 1). Sort of anti-climatic since you already own the 2nd, so whatever the details of the 1st turn out to be you’ll have to deal with them regardless. : 2). I don’t think it would hurt at all and might do some good—good suggestion. 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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