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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: To go after or not to go after... Posted by Ward-CA- on September 04, 2001 at 8:09 AM In Reply to: To go after or not to go after... posted by Alfred on September 03, 2001 at 10:13 PM : Ward, : When title researching a prospective junior lien buyout, if you see a pattern of NOD/Recissions on the 1st, would you go after the junior note anyway knowing that the first may get reinstated rather than there being a sale or refi? : Would it be a good solution to only offer 1/3 of the balance on the 2nd note to guarantee a decent profit if the trustor reinstates the 1st again and you have to sell to a note buyer? =•=•=•=•=•=•=•=•=•=•=•=•= Alfred, yes I would especially go after it since the junior beneficiary has got to be exasperated with so many starts and stops and be glad to be rid of it. And I think you could offer just 1/3 because of the indefiniteness with the performance on the note. Good luck Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Ward, : : When title researching a prospective junior lien buyout, if you see a pattern of NOD/Recissions on the 1st, would you go after the junior note anyway knowing that the first may get reinstated rather than there being a sale or refi? : : Would it be a good solution to only offer 1/3 of the balance on the 2nd note to guarantee a decent profit if the trustor reinstates the 1st again and you have to sell to a note buyer? : =•=•=•=•=•=•=•=•=•=•=•=•= : Alfred, yes I would especially go after it since the junior beneficiary has got to be exasperated with so many starts and stops and be glad to be rid of it. : And I think you could offer just 1/3 because of the indefiniteness with the performance on the note. : Good luck 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

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