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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Have to call lenders? Posted by Mark on May 25, 2002 at 9:28 AM I have searched titles at the County records on properties that I will bid on at the Trustees sale. In the case where the second is foreclosing, I know I would be responsible for the entire balance of the 1st. However, if payments were missed on the 1st and the lender (of 1st) did not file NOD, should I assume there were no missed payments on the 1st? I want to make sure I am as accurate as possible when doing the "Sellers Net" worksheet. Do you always call the lender (of the 1st) to obtain the loan balance or do you estimate it using the monthly payment and interest rate that is on the Trust Deed? Won't the lender normally just give loan balance info to the trustors (and not me)? Also this will add additional time to the process if I have to call all of the lenders. Any help is appreciated. Thank you, Mark Follow Ups: Have to figure it out for yourself. Ward-CA- 4:19 PM, 05/25/02 (3) Re: Have to figure it out for yourself. David 9:57 PM, 05/25/02 (2) Close is the name of the game Ward-CA- 12:50 AM, 05/26/02 (1) Thanks! (nt) David 8:24 AM, 05/27/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I have searched titles at the County records on properties that I will bid on at the Trustees sale. In the case where the second is foreclosing, I know I would be responsible for the entire balance of the 1st. However, if payments were missed on the 1st and the lender (of 1st) did not file NOD, should I assume there were no missed payments on the 1st? I want to make sure I am as accurate as possible when doing the "Sellers Net" worksheet. Do you always call the lender (of the 1st) to obtain the loan balance or do you estimate it using the monthly payment and interest rate that is on the Trust Deed? Won't the lender normally just give loan balance info to the trustors (and not me)? Also this will add additional time to the process if I have to call all of the lenders. Any help is appreciated. : Thank you, Mark 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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