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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Zero Average Posted by Joseph on October 05, 2006 at 6:37 AM In Reply to: Re: Bill here's your answer posted by Bill H on October 04, 2006 at 5:41 PM Potentially foreclosed homeowners rarely have any equity in the homes after selling expenses, or otherwise more would sell to avoid foreclosure. That aside, lenders can tact on considerable legal fees to the loan balance. If a lender was required to not accept less than the amount owed, their batting average at foreclosure sales would be close to zero. Follow Ups: Re: Zero Average Bill H 8:57 AM, 10/05/06 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Potentially foreclosed homeowners rarely have any equity in the homes after selling expenses, or otherwise more would sell to avoid foreclosure. That aside, lenders can tact on considerable legal fees to the loan balance. If a lender was required to not accept less than the amount owed, their batting average at foreclosure sales would be close to zero. 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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