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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Have to figure it out for yourself. Posted by David on May 25, 2002 at 9:57 PM In Reply to: Have to figure it out for yourself. posted by Ward-CA- on May 25, 2002 at 4:19 PM Ward, What if the first is a sub-prime loan, high interest, interest only payment with no or very little amortization? Your assumptions about amounts owed could be way off. Also, how do you know the exact arrearages to bring the senior loans current after you are the successful bidder at the trustee’s sale? And where do you send the money? I’m assuming the x-homeowner is long gone and/or uncooperative. Do you contact the senior lenders at that time since you now have a legal interest in the property, if so, can they exercise DOS? Interesting subject. Thanks, David Follow Ups: 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: : Ward, : What if the first is a sub-prime loan, high interest, interest only payment with no or very little amortization? Your assumptions about amounts owed could be way off. : Also, how do you know the exact arrearages to bring the senior loans current after you are the successful bidder at the trustee’s sale? And where do you send the money? I’m assuming the x-homeowner is long gone and/or uncooperative. Do you contact the senior lenders at that time since you now have a legal interest in the property, if so, can they exercise DOS? : Interesting subject. : Thanks, David 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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