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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Junior Bene Buyout Posted by Jim on April 09, 2003 at 11:08 AM Ward, You talked a little about this last night at the LA REIC meeting. Can you describe it a little better? As I understand it, you would contact the owner/trustee of a second lien about 15 days following the recording of the Notice of Default. You would then offer to buy that owner's beneficial interest in the 2nd Trust Deed, correct? From that point what would we be anticipating? Also, you mentioned a Special Request For Notice to have us be notified when this 2nd lien went into default or was going to the trustee sale. How does that figure into all of this? Thanks, Jim Follow Ups: More Junior Bene Buyout stuff. Ward-CA- 5:05 PM, 04/09/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Ward, : You talked a little about this last night at the LA REIC meeting. Can you describe it a little better? : As I understand it, you would contact the owner/trustee of a second lien about 15 days following the recording of the Notice of Default. You would then offer to buy that owner's beneficial interest in the 2nd Trust Deed, correct? From that point what would we be anticipating? : Also, you mentioned a Special Request For Notice to have us be notified when this 2nd lien went into default or was going to the trustee sale. How does that figure into all of this? : Thanks, : Jim 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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