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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] I'm 2nd Lien holder On A Foreclosure...What can I do??? Posted by mark on March 27, 2002 at 6:23 AM here is my situation... A nice house worth 110k has three mortgages...first is fha and is foreclosing at about 81k. I have second for 27k which i took assignment to for 5k. third is household finance who wont negotiate on their 7k. We are probably six weeks from auction date. the person who owns the house signed an assignable contract with an investor who I cannot locate at this time. I don't know if he is actively working the contract or letting it sit. I really dont want to lose my 5k and would actually like to make some money on this house...i definately see some potential, but what do i need to do at this point? thanks..mark Follow Ups: Don't be at the mercy of the unknown investor Sean Wagle 2:54 PM, 03/27/02 (1) Re: Ooops. Sean Wagle 3:17 PM, 03/27/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : here is my situation... : A nice house worth 110k has three mortgages...first is fha and is foreclosing at about 81k. I have second for 27k which i took assignment to for 5k. third is household finance who wont negotiate on their 7k. We are probably six weeks from auction date. : the person who owns the house signed an assignable contract with an investor who I cannot locate at this time. I don't know if he is actively working the contract or letting it sit. I really dont want to lose my 5k and would actually like to make some money on this house...i definately see some potential, but what do i need to do at this point? thanks..mark 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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