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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: SALE PROPERTIES GOING BACK TO BENE'S??? Posted by The Short Sale Realtor on September 22, 2006 at 12:27 AM In Reply to: SALE PROPERTIES GOING BACK TO BENE'S??? posted by Jerry - Ca. on September 22, 2006 at 11:12 AM While the default owners have no equity ... there's plenty of deals when you wipe out the Junior loans ... as long as the "idiots" don't over bid at the auctions! I disagree that the wiping out of the second always leaves plenty of equity. Almost all of my current and past short sales required both the 2nd and the 1st to take a beating. If that were the case - wouldn't this be the time for Junior Bene Buyouts? Why pay cash at the auction - when you can buy out the second for a few thousand, bring the 1st current and then foreclose as the second lien holder? Follow Ups: Re: SALE PROPERTIES GOING BACK TO BENE'S??? Jerry - Ca. 2:44 PM, 09/22/06 (3) Re: SALE PROPERTIES GOING BACK TO BENE'S??? ellis 12:54 AM, 09/26/06 (1) Re: SALE PROPERTIES GOING BACK TO BENE'S??? Jerry - Ca. 2:08 PM, 09/27/06 (0) Re: SALE PROPERTIES GOING BACK TO BENE'S??? The Short Sale Realtor 7:01 PM, 09/22/06 (0) Post a Followup: Name : E-Mail : Subject : Comments: : While the default owners have no equity ... there's plenty of deals when you wipe out : the Junior loans ... as long as the "idiots" don't over bid at the auctions! : I disagree that the wiping out of the second always leaves plenty of equity. Almost all of my current and past short sales required both the 2nd and the 1st to take a beating. : If that were the case - wouldn't this be the time for Junior Bene Buyouts? Why pay cash at the auction - when you can buy out the second for a few thousand, bring the 1st current and then foreclose as the second lien holder? 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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