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Foreclosure Forum |
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FPI & IRSIn Reply to: Re: No/Yes/No - Prepayment penalty on 1st? (NT) posted by Mark Hamilton on April 26, 2008 at 11:36 AM
Only the holders of the first would know about forced-placed ins. It's unlikely that private note holders would get FPI, but it's expensive and can be added to the payoff amount. Make sure that the IRS has been notified of the foreclosure.
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