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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Some possible or likely explanations... Posted by Ward-CA- on March 10, 2002 at 3:19 PM In Reply to: Re: House sold twice! posted by Sylvia on March 10, 2002 at 6:40 AM : What if I tried to pay the reinstatment of the senior lien and they denied me? They reauction it anyway. I had a approve loan and was willing to pay the amount own. I also bid at the auction with a 10% down to hold the property, I wasn't allow to bid? Don't understand? Please help explain..... Sylvia, You aren’t entitled to exercise the right of reinstatement unless you have some existing connection to the property such an owner or junior lien interest. Perhaps your foreclosure auction rules require you pay 100% of your bid at the time of bidding (like here in CA) rather than 10%. If that’s the case you wouldn’t be allowed to bid. Hope these possible explanations help. We could reply with pinpoint accuracy if we knew the state you live in. Follow Ups: Explanations... sylvia 3:39 AM, 04/04/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : What if I tried to pay the reinstatment of the senior lien and they denied me? They reauction it anyway. I had a approve loan and was willing to pay the amount own. I also bid at the auction with a 10% down to hold the property, I wasn't allow to bid? Don't understand? Please help explain..... : Sylvia, : You aren’t entitled to exercise the right of reinstatement unless you have some existing connection to the property such an owner or junior lien interest. : Perhaps your foreclosure auction rules require you pay 100% of your bid at the time of bidding (like here in CA) rather than 10%. If that’s the case you wouldn’t be allowed to bid. : Hope these possible explanations help. We could reply with pinpoint accuracy if we knew the state you live in. 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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