InnoVest Resource Management's Foreclosure Forum

Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Foreclosure Codes 50 State Foreclosure Basics Foreclosure Glossary 60+ Yrs Interest Rates News & Trends FAQ Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Why bother foreclosing seconds Posted by jock on May 23, 2002 at 2:41 PM In Reply to: Re: Why bother foreclosing seconds posted by Stephaine on May 23, 2002 at 2:34 PM Thanks. Let me see I have this straight. If I bought the second lien and then paid off the remander of the first liens (the mortgage) I would own the property and the current owners would have to leave? I had an earlier post where Ward said that buying the second position only meant that you bought the debt; no ownership of property. Still a little confused. Thanks. Follow Ups: Re: Why bother foreclosing seconds stephanie 8:11 PM, 05/23/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Thanks. Let me see I have this straight. If I bought the second lien : and then paid off the remander of the first liens (the mortgage) I would : own the property and the current owners would have to leave? : I had an earlier post where Ward said that buying the second position only meant : that you bought the debt; no ownership of property. : Still a little confused. Thanks. 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

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction.

Copyright © 1997-2002, InnoVest Resource Management

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455