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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Fees would eat you up. Posted by stanf on May 30, 2002 at 6:40 AM In Reply to: Re: Fees would eat you up. posted by Jim V on May 29, 2002 at 11:51 PM You are understanding my post, and you are most likely correct... The fees would be killer and it would, no doubt, be better to re-fi. But I'm asking not if it would be practical, but if it would be legal. I can't forsee many situations where this would come into play, but I'm just curious about how a judge would handle this. For example, we were working a CA foreclosure, days from auction, and the seller did not want to do a trust and was very hesitant to file a BK. We contacted the first, and they were not about to postpone and said that they would refuse reinstatement payment from anyone but the trustor. They were a small firm and were very adament. There was a second that we could buy at great discount putting us in a junior position. We didn't do the deal for other reasons, but it would have been good to know our options. Thanks for all the input, this board is great! Follow Ups: 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: : You are understanding my post, and you are most likely correct... The fees would be killer and it would, no doubt, be better to re-fi. : But I'm asking not if it would be practical, but if it would be legal. : I can't forsee many situations where this would come into play, but I'm just curious about how a judge would handle this. : For example, we were working a CA foreclosure, days from auction, and the seller did not want to do a trust and was very hesitant to file a BK. We contacted the first, and they were not about to postpone and said that they would refuse reinstatement payment from anyone but the trustor. They were a small firm and were very adament. There was a second that we could buy at great discount putting us in a junior position. We didn't do the deal for other reasons, but it would have been good to know our options. : Thanks for all the input, this board is great! 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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