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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] sure, it addresses the OP's concern Posted by hard money lender on May 20, 2010 at 9:15 PM In Reply to: Doesn't really address the OP's concern... posted by Rick Harmon on May 20, 2010 at 5:07 PM the lender cant complain about something he doesnt know about. that is not to say that he would complain, anyways. or have any say-so. he is still in first position, same as he always was. after re-reading the OP's statement, i can now see the possible confusion, since it was worded badly. being the lender that i am, i focused on the first half of the statement (buying a 2nd trust deed at an auction). i guess what he really meant is what ward alluded to - he was buying a property with a 2nd trust deed on it. he is not buying a note backed by a 2nd trust deed. when i have foreclosed, being a second, i have never had a problem with the first allowing me to keep their loan current. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : the lender cant complain about something he doesnt know about. : that is not to say that he would complain, anyways. or have any say-so. : he is still in first position, same as he always was. : after re-reading the OP's statement, i can now see the possible confusion, since it was worded badly. : being the lender that i am, i focused on the first half of the statement (buying a 2nd trust deed at an auction). : i guess what he really meant is what ward alluded to - he was buying a property with a 2nd trust deed on it. : he is not buying a note backed by a 2nd trust deed. : when i have foreclosed, being a second, i have never had a problem with the first allowing me to keep their loan current. [ 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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