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 ] Tracking down Junior Benes Posted by Rick on August 11, 2001 at 10:41 AM I researched out a junior lien buyout prospect and found that it may be a very good deal worth pursuing. I tried contacting the junior lien holder on record, which was a small finance company based in Dallas, Texas. However, I got a phone recording that explained that the company recently went bankrupt and it was a subsidiary company of a larger company. So far, I have been unsuccessful in penetrating through the layers of the larger company to find out who is the appropriate person to talk to regarding the junior note. Is this deal worth pursuing further or is it dead in the water because of the bankruptcy and, therefore, my time would be better spent pursuing other deals? In terms of practicality, how extensive should my efforts be in overcoming obstacles that get in the way when pursuing junior benes? Is there a rule of thumb? Follow Ups: Re: "Never give in. Never. Never. Never. Never." Ward-CA- 11:46 PM, 08/11/01 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I researched out a junior lien buyout prospect and found that it may be a very good deal worth pursuing. I tried contacting the junior lien holder on record, which was a small finance company based in Dallas, Texas. However, I got a phone recording that explained that the company recently went bankrupt and it was a subsidiary company of a larger company. So far, I have been unsuccessful in penetrating through the layers of the larger company to find out who is the appropriate person to talk to regarding the junior note. Is this deal worth pursuing further or is it dead in the water because of the bankruptcy and, therefore, my time would be better spent pursuing other deals? : In terms of practicality, how extensive should my efforts be in overcoming obstacles that get in the way when pursuing junior benes? Is there a rule of thumb? 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