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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: A non-legal opinion Posted by Jim V on May 30, 2002 at 9:30 PM In Reply to: So what'sthe correct legal answer already? posted by G Paul on May 30, 2002 at 5:17 PM It is difficult for me to determine your exact question, but here are some thoughts. To the best of my knowledge, junior lienholders throughout the US have the legal capability to protect their interest by reinstating senior liens in default. Predicting behaviors/actions of thousands of lenders, private or institutional, is virtually impossible. Practices that could be considered predatory and/or outside the range of normal business practices will eventually land you in court. Legal fees and the time lost dealing with legal issues can quickly turn a good deal into a waste of time. If you are choosing to employ techniques not widely used by others in your area, spend the money on good local legal advice. Treat your investing as a business that you want to grow, not a way to make some quick money and if things go bad you'll just walk away. The thought of being able to leverage small amounts of capital into significant amounts of equity is tempting, I know, just make sure you do it in a fashion appropriate and legal for your area. Hope that helps, cause I can't do a "legal" answer. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : It is difficult for me to determine your exact question, but here are some thoughts. : To the best of my knowledge, junior lienholders throughout the US have the legal capability to protect their interest by reinstating senior liens in default. : Predicting behaviors/actions of thousands of lenders, private or institutional, is virtually impossible. : Practices that could be considered predatory and/or outside the range of normal business practices will eventually land you in court. : Legal fees and the time lost dealing with legal issues can quickly turn a good deal into a waste of time. : If you are choosing to employ techniques not widely used by others in your area, spend the money on good local legal advice. Treat your investing as a business that you want to grow, not a way to make some quick money and if things go bad you'll just walk away. The thought of being able to leverage small amounts of capital into significant amounts of equity is tempting, I know, just make sure you do it in a fashion appropriate and legal for your area. Hope that helps, cause I can't do a "legal" answer. 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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