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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Here's the rub... Posted by Rick, the Probate Guy on June 16, 2009 at 10:42 AM In Reply to: Re: Sometimes there's no joy... posted by Kristine-CA on June 16, 2009 at 8:32 AM Hey Kristine - If I want closure on a loan that I have the first TD on (defaulted) and you, for example, bid on the foreclosing 2nd TD at T-sale, I'd have to permit you to cure my loan now, if that's my breach. Then, I'd have to notice you and start a new foreclosure based on a different breach, that is, for the due on sale clause triggered by the event of the transfer which occured when you bought at the sale. It's a pain and I don't like to ride along with strangers, with or without candy (although I'd be OK with you driving). Follow Ups: Re: Here's the rub... Kristine-CA 12:08 AM, 06/16/09 (1) Happened to me, too... Rick, the Probate Guy 6:14 PM, 06/16/09 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Hey Kristine - : If I want closure on a loan that I have the first TD on (defaulted) and you, for example, bid on the foreclosing 2nd TD at T-sale, I'd have to permit you to cure my loan now, if that's my breach. : Then, I'd have to notice you and start a new foreclosure based on a different breach, that is, for the due on sale clause triggered by the event of the transfer which occured when you bought at the sale. : It's a pain and I don't like to ride along with strangers, with or without candy (although I'd be OK with you driving). [ 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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