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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Non-disclosed trust deed will probably prevail. Posted by Nick(Colorado) on April 01, 2002 at 8:31 AM In Reply to: Non-disclosed trust deed will probably prevail. posted by Ward-CA- on March 31, 2002 at 1:05 PM Ward: Thanks, I think that this gives me the information that I need. If I purchased the foreclosing TD at auction I can base my purchase on the FMV of the property. However, the most likely (cheaper) senerio is that the new BFP will receive a payoff (from insurance) for their lost equity, and I would have to do an eviction and then resell the properly to get my money out. I was assuming a (expensive) senerio where the title company would pay me off, and not disturb the current occupants. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Ward: : Thanks, I think that this gives me the information that : I need. If I purchased the foreclosing TD at auction I can : base my purchase on the FMV of the property. However, the : most likely (cheaper) senerio is that the new BFP will receive : a payoff (from insurance) for their lost equity, and I would : have to do an eviction and then resell the properly to get : my money out. I was assuming a (expensive) senerio where the : title company would pay me off, and not disturb the current : occupants. 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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