InnoVest Resource Management's Foreclosure Forum

Discussion Board Foreclosure Training Title Holding Trust Speaking Schedule Foreclosure Codes 50 State Foreclosure Basics 60+ Yrs Interest Rates News & Trends FAQ Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Jr bene buyout strategy Posted by Troy on August 08, 2001 at 5:49 PM In Reply to: Re: Jr bene buyout strategy posted by Ward-CA- on August 08, 2001 at 5:09 PM Ward, thanks for the reply. It has generated another question, however. If a junior lien is being foreclosed upon and it actually makes it to the trustee sale, won't all senior liens stay on the property regardless of what happens (I thought that only "junior linens" are wiped off)? And, if in this situation the property sells for FMV at the trustee sale, then what happens to all the extra cash after all junior liens have been paid? Follow Ups: Re: Trustor is final recipient of overbid surplus Ward-CA- 3:10 PM, 08/09/01 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Ward, thanks for the reply. It has generated another question, however. : If a junior lien is being foreclosed upon and it actually makes it to the trustee sale, won't all senior liens stay on the property regardless of what happens (I thought that only "junior linens" are wiped off)? And, if in this situation the property sells for FMV at the trustee sale, then what happens to all the extra cash after all junior liens have been paid? 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

Copyright © 1997-2001, InnoVest Resource Management

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455