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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Need more info to evaluate the situation Posted by Tom on April 07, 2008 at 10:44 AM In Reply to: SoCal own the 2nd through foreclosure, 1st a mess posted by Dan on April 06, 2008 at 8:51 AM They can charge the fees, but they're negotiable. If you're on the title I'd presume that your credit will be affected. Trying to figure out what you got. It sounds like that the lender was the 1st & 2nd lienholder and foreclosed only on the second, but that would be strange. Is that what really happpened? Is the property a residence, commercial, or industrial property? What date was the trustee foreclosure and what date did the institution close? What was the institution's name, who was appointed receiver, and what institution bought the old institution? What agency how holds the loans? What exactly did you pay for the second? Do you mean six figures including late fees & penalties? If the first was $500, why would they now accept five figures for an early payoff? What's your guess what the property's worth today? Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : They can charge the fees, but they're negotiable. If you're on the title I'd presume that your credit will be affected. : Trying to figure out what you got. It sounds like that the lender was the 1st & 2nd lienholder and foreclosed only on the second, but that would be strange. Is that what really happpened? : Is the property a residence, commercial, or industrial property? What date was the trustee foreclosure and what date did the institution close? What was the institution's name, who was appointed receiver, and what institution bought the old institution? What agency how holds the loans? What exactly did you pay for the second? Do you mean six figures including late fees & penalties? If the first was $500, why would they now accept five figures for an early payoff? What's your guess what the property's worth today? [ 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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