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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Reinstatement of senior lien by junior lien holder Posted by Gary on August 15, 2002 at 8:31 AM Ward: If the junior lien holder reinstates the senior lien holder's loan to protect the jr. lien holder's interest, can the jr. lien holder add the reinstatement amount he paid on to his own outstanding amount? For example, the 1st is in default and requires $20k reinstatement. The 2nd is in default to the tune of $10k. The 2nd pays the 1st the $20k to protects it's jr. position. Can the 2nd now go to the property owner and legally say that the owner now owes the 2nd $30k (i.e., $10k plus the $20k the 2nd had to fork out)? Thanks, Gary Follow Ups: Re: Reinstatement of senior lien by junior lien holder Ward-CA- 3:38 PM, 08/15/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Ward: : If the junior lien holder reinstates the senior lien holder's loan to protect the jr. lien holder's interest, can the jr. lien holder add the reinstatement amount he paid on to his own outstanding amount? : For example, the 1st is in default and requires $20k reinstatement. The 2nd is in default to the tune of $10k. The 2nd pays the 1st the $20k to protects it's jr. position. Can the 2nd now go to the property owner and legally say that the owner now owes the 2nd $30k (i.e., $10k plus the $20k the 2nd had to fork out)? : Thanks, : Gary Optional Link URL: Link Title: Optional Image URL: [ 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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