InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Annual Reunion Speaking Schedule Store Foreclosure Fundamentals Code References 50 State Foreclosure Basics Foreclosure Glossary Foreclosure Statistics 70+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map About Us Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] serious in getting confirmations Posted by Skimmer on June 15, 2009 at 3:23 PM In Reply to: Is this post serious? It looks as if you've already answered your question. (nt) posted by JK (the other JK) on June 15, 2009 at 3:15 PM Thanks JK! What I said is my opinion. I am serious in getting confirmations from other pros. Skimmer : : Hi Ward, : : I purchased a house at trustee sale this month, and had a chance to talk to previous owner's attorney on phone. He said they are in the process in doing loan modification, and the bank verbally agreed to postpone the sale, but the trustee just went ahead and sold the house. He wanted me to give his client, the previous owner a chance to buy it back, since he just got a new job, he really wants to stay. : : I am ok with the plan to sell it back to him if he can buy it back at the current, or at least close to current market price. : : But I think I am just wasting my time, since he just got his house foreclosed upon, had a bad credit, of course no savings. How can he afford to get a loan to buy? I also think giving him a chance first may later involve legal issue if he can't get the loan, and he doesn't want to move. His attorney may use this as a reason to fight back for him. : : Am I correct? Or what do you suggest? Should I go ahead ask him to move out, if not eviction follows? or should I give him a chance? : : Thanks, : : Skimmer Follow Ups: You already know the previous owner doesn't qualify for a loan. JK (the other JK) 3:55 PM, 06/15/09 (1) Re: You already know the previous owner doesn't qualify for a loan. Geri 7:31 PM, 06/15/09 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Thanks JK! What I said is my opinion. I am serious in getting confirmations from other pros. : Skimmer : : : : Hi Ward, : : : I purchased a house at trustee sale this month, and had a chance to talk to previous owner's attorney on phone. He said they are in the process in doing loan modification, and the bank verbally agreed to postpone the sale, but the trustee just went ahead and sold the house. He wanted me to give his client, the previous owner a chance to buy it back, since he just got a new job, he really wants to stay. : : : I am ok with the plan to sell it back to him if he can buy it back at the current, or at least close to current market price. : : : But I think I am just wasting my time, since he just got his house foreclosed upon, had a bad credit, of course no savings. How can he afford to get a loan to buy? I also think giving him a chance first may later involve legal issue if he can't get the loan, and he doesn't want to move. His attorney may use this as a reason to fight back for him. : : : Am I correct? Or what do you suggest? Should I go ahead ask him to move out, if not eviction follows? or should I give him a chance? : : : Thanks, : : : Skimmer [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-date("Y"), InnoVest Resource Management
http://www.foreclosureforum.com

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