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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Most lenders are distrustful of an individual note buyer. Posted by Ward-CA- on February 21, 2002 at 7:49 AM In Reply to: Discount the 1TD from the lender? posted by Bruno on February 20, 2002 at 1:03 PM : How common is it to buy the first TD from a lender at a discount? : This would be a note that is in foreclosure. : Have you had any experience with discounting a loan from an institutional lender. =•=•=•=•=•=•=•=•=•=•= Bruno, It’s quite uncommon for a foreclosing institutional lender to sell their defaulted promissory note to an individual lender. They just don’t trust the ulterior motives of the individual buyer. Lenders fear that any subsequent hanky panky committed by the individual note buyer could cause the lender to be characterized as an enabling co-conspirator in the shenanigans of the note buyer. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : How common is it to buy the first TD from a lender at a discount? : : This would be a note that is in foreclosure. : : Have you had any experience with discounting a loan from an institutional lender. : =•=•=•=•=•=•=•=•=•=•= : Bruno, : It’s quite uncommon for a foreclosing institutional lender to sell their defaulted promissory note to an individual lender. They just don’t trust the ulterior motives of the individual buyer. Lenders fear that any subsequent hanky panky committed by the individual note buyer could cause the lender to be characterized as an enabling co-conspirator in the shenanigans of the note buyer. 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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