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 ] What if the banks choose to never foreclose? Posted by JK (the other JK) on March 06, 2010 at 10:11 PM I'm scratching my head on this one. I've run into a few properties where the owners are upside down, the banks won't accept a Short Sale or Deed in Lieu neither will they foreclose. They've choosen to just sit and "ride out the recession". They even advanced money for taxes and insurance. Follow Ups: Re: What if the banks choose to never foreclose? Geri 7:35 PM, 03/08/10 (0) Re: What if the banks choose to never foreclose? Lorna 2:52 PM, 03/07/10 (3) Re: What if the banks choose to never foreclose? Big Red 5:37 PM, 03/07/10 (2) Reasons Alfred, SoCal 4:56 PM, 03/08/10 (1) Re: Reasons Freeflyer 9:41 PM, 03/08/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I'm scratching my head on this one. I've run into a few properties : where the owners are upside down, the banks won't accept a Short : Sale or Deed in Lieu neither will they foreclose. They've choosen to : just sit and "ride out the recession". They even advanced money for : taxes and insurance. [ 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