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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] pre-foreclosure Posted by Laurie on March 27, 2002 at 12:56 AM Hi there! I am in the proccess of buying a home in foreclosure before the auction. The property has three mortgages against it. Mortgage #2 and #3 have agreed to settle for a small fraction of the original amount. I have two problems: 1. I requested a payoff statement from the law office handling the 1st mort.foreclosure over a month ago (they said it would take 7-10 bus. days) I've been calling every day or two. The lady I'm dealing with says it's the banks fault that it is taking so long.("they are having a problem with the numbers") 2. The owner will be leaving the country soon,however, his son has power of attorney for both his parents, But my title co. is concerned about it. Would a quitclaim deed be of use? I am in Florida if that make a difference. Thank you, Laurie Follow Ups: Re: Getting around pre-foreclosure glitches Ward-CA- 6:23 PM, 03/27/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Hi there! : I am in the proccess of buying a home in foreclosure before the auction. The property has three mortgages against it. Mortgage #2 and #3 have agreed to settle for a small fraction of the original amount. I have two problems: : 1. I requested a payoff statement from the law office handling the 1st mort.foreclosure over a month ago (they said it would take 7-10 bus. days) I've been calling every day or two. The lady I'm dealing with says it's the banks fault that it is taking so long.("they are having a problem with the numbers") : 2. The owner will be leaving the country soon,however, his son has power of attorney for both his parents, But my title co. is concerned about it. Would a quitclaim deed be of use? : I am in Florida if that make a difference. : Thank you, : Laurie 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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