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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Trustee Auction Posted by JK (the other JK) on April 20, 2008 at 7:41 AM In Reply to: Re: Trustee Auction posted by hard money lender on April 19, 2008 at 6:20 PM : hi jk, : even with taxes and escrow, isnt 2700 fairly high for a 344k first ? : i would think a new buyer would do much better buying the property and getting a new loan, altogether. : i just dont see much of any sort of positive sign to send to the owner of the 2nd. : it seems to me that unless he takes the property over, he is gonna be out his full 25k. Yes. But seeing as how the Subprime market has disappeared there is always a chance that someone could buy it that has money, but no credit. More than likely the OP will end up with the property, but it is worth trying to lower the bid to sell it at Trustee Sale. Follow Ups: Re: Trustee Auction Keith 11:14 PM, 04/20/08 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : hi jk, : : even with taxes and escrow, isnt 2700 fairly high for a 344k first ? : : i would think a new buyer would do much better buying the property and getting a new loan, altogether. : : i just dont see much of any sort of positive sign to send to the owner of the 2nd. : : it seems to me that unless he takes the property over, he is gonna be out his full 25k. : Yes. But seeing as how the Subprime market has disappeared there is always a chance that someone could buy it that has money, but no credit. More than likely the OP will end up with the property, but it is worth trying to lower the bid to sell it at Trustee Sale. [ 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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