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Hi Ward & Rick, like to hear your opinions

Posted by Charles on May 05, 2008 at 8:13 PM

In Reply to: Priority for amended deed of trust posted by Charles on May 05, 2008 at 1:19 PM

Hi Ward & Rick,

I really like to hear your opinions. Here is more info, houes is in CA.

Current market value: $600,000.

8/23/2002: 1st TD ($300,000)
2/3/2003: 2nd TD, Heloc ($50,000)
5/14/2005: FTB lien ($160,000)
6/3/2007: Amend trust deed (increase 2/3/2003’s TD to $100,000).
1/4/2008: NOD of 2/3/2003 TD
4/12/2008: NTS of 2/3/2003 TD

So we are concerned about the FTB lien here. If it can be wiped off, it is a good deal. Otherwise, a bad one.

Charles



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