InnoVest Resource Management's Foreclosure Forum

Discussion Board Foreclosure Training Title Holding Trust Speaking Schedule Foreclosure Codes 50 State Foreclosure Basics Foreclosure Glossary 60+ Yrs Interest Rates News & Trends FAQ Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Can I reinstate Loan If they've File BankRuptcy Posted by mark FL on February 22, 2002 at 9:06 AM I've got a decent little property where the owners will give it to me if I reinstate both the first and second, which are both foreclosing. It's an 85k house...payoff total on both loans is about 70k....but they are building 350k houses all around it and its a lot and a half to boot. Yesterday while talking to them and trying to work it out, the female half of the couple said she had just filed for bankruptcy, which sort of threw me off balance. Can I still make this deal work, and what do I need to do at this point. Thanks Follow Ups: Yes, you can reinstate without any problem. Ward-CA- 4:14 PM, 02/22/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I've got a decent little property where the owners will give it to me if I reinstate both the first and second, which are both foreclosing. It's an 85k house...payoff total on both loans is about 70k....but they are building 350k houses all around it and its a lot and a half to boot. : Yesterday while talking to them and trying to work it out, the female half of the couple said she had just filed for bankruptcy, which sort of threw me off balance. Can I still make this deal work, and what do I need to do at this point. Thanks 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

Copyright © 1997-2002, InnoVest Resource Management

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455