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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Making an offer to the lender... Posted by David on April 08, 2003 at 11:11 PM In Reply to: Making an offer to the lender... posted by 2nd Fred on April 08, 2003 at 10:56 AM Please be very careful--there may be junior loans for which you could become responsible. Good Luck!! David : Hi Ward, : Is it possible when a NOD is filed to contact the lender, make an offer to pay off the loan and now own that position? Once in that position, because I paid off the default amount, am I free to foreclose? : How does all this work? : I guess my question goes to why the lender goes all the way to sale and the bidders at the sale don't go to the lender beforehand and purchase it. : Thanks, : Fred Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Please be very careful--there may be junior loans for which you could become responsible. : Good Luck!! : David : : Hi Ward, : : Is it possible when a NOD is filed to contact the lender, make an offer to pay off the loan and now own that position? Once in that position, because I paid off the default amount, am I free to foreclose? : : How does all this work? : : I guess my question goes to why the lender goes all the way to sale and the bidders at the sale don't go to the lender beforehand and purchase it. : : Thanks, : : Fred 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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