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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Credit Bid ... Huh? Posted by Steve on April 23, 2008 at 3:09 PM In Reply to: Probably wasting your time posted by Tom on April 21, 2008 at 8:42 AM What exactly do you mean by "credit bid"? The amount bid becomes the sale amount, BUT also the Redemption amount ... so I don't understand what you mean by credit bid? Also, how is a lender saving money by not considering selling a note for the same amount they protected at auction? Enlighten me just a little more please :) : First keep in mind that stockholders want lenders to reduce their losses not please others with an agenda. The lender's bid is only a credit bid, and at this point they're still looking at the total amount owed. Lenders don't sell notes individually, but if you can get the borrower to sign a release of loan information, call them. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : What exactly do you mean by "credit bid"? The amount bid becomes the sale amount, BUT also the Redemption amount ... so I don't understand what you mean by credit bid? Also, how is a lender saving money by not considering selling a note for the same amount they protected at auction? Enlighten me just a little more please :) : : First keep in mind that stockholders want lenders to reduce their losses not please others with an agenda. The lender's bid is only a credit bid, and at this point they're still looking at the total amount owed. Lenders don't sell notes individually, but if you can get the borrower to sign a release of loan information, call them. [ 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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