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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Legal Precedent Posted by Joseph on September 29, 2006 at 6:34 AM In Reply to: Lender's Opening Bid posted by Dan on September 28, 2006 at 11:36 PM Ward should be able to give you chapter & verse if you want, but lenders usually start the bidding at 70% of the equity after taxes and holding costs because there is legal precedent that the lender is liable for not protecting the homeowner's interest at a lesser %. Follow Ups: Second Request for Legal Precedent Bill H 6:43 PM, 09/30/06 (4) Bill here's your answer Joseph 7:38 AM, 10/02/06 (3) Re: Bill here's your answer Bill H 5:41 PM, 10/04/06 (2) Zero Average Joseph 6:37 AM, 10/05/06 (1) Re: Zero Average Bill H 8:57 AM, 10/05/06 (0) Re: Legal Precedent Bill H 1:21 PM, 09/29/06 (0) Re: Legal Precedent bukzin 7:40 AM, 09/29/06 (1) Starts with Appraisal Joseph 8:52 AM, 09/29/06 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Ward should be able to give you chapter & verse if you want, but lenders usually start the bidding at 70% of the equity after taxes and holding costs because there is legal precedent that the lender is liable for not protecting the homeowner's interest at a lesser %. 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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