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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Junior lienor's right of reinstatement Posted by stanf on May 29, 2002 at 10:12 PM In Reply to: Junior lienor's right of reinstatement posted by Ward-CA- on May 29, 2002 at 6:34 PM So I guess the question is this… In a situation where I get control of a property by taking it "subject to", if the interest rates start to climb, or the senior note holder gets itchy for his money, or whatever, and the lender decides to accelerate the loan and calls the loan due, can I give a business associate a "friendly trust deed", and then keep the senior note in a constant state of default, and simply funnel the payments for the senior note to the note beneficiary through my buddy the junior lien holder who is defending his position? I think that was the longest, and possibly most incoherent, sentence I've ever scribed! Follow Ups: Re: Fees would eat you up. Jim V 11:51 PM, 05/29/02 (3) Re: Fees would eat you up. stanf 6:40 AM, 05/30/02 (2) So what'sthe correct legal answer already? G Paul 5:17 PM, 05/30/02 (1) Re: A non-legal opinion Jim V 9:30 PM, 05/30/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : So I guess the question is this… : In a situation where I get control of a property by taking it "subject to", if the interest rates start to climb, or the senior note holder gets itchy for his money, or whatever, and the lender decides to accelerate the loan and calls the loan due, can I give a business associate a "friendly trust deed", and then keep the senior note in a constant state of default, and simply funnel the payments for the senior note to the note beneficiary through my buddy the junior lien holder who is defending his position? : I think that was the longest, and possibly most incoherent, sentence I've ever scribed! 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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