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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] reinstating a loan Posted by Rudy on April 15, 2003 at 4:52 PM I found a pre-sale foreclosure, where the owner filed BK right before the sale, so the sale was rescinded. I cut a deal with the owner, waited the 5 days before signing a deed, and I'm now trying to get a reinstatement amount from the lender, but they have told me to call a law office, who has bounced me around and/or not returned calls. 1)Anybody know a good way to get a quick response regarding reinstatement? 2)how do I assure myself that the payment I make will in fact reinstate the loan, rather than having the bank just apply it to principal? 3) I need to do this under the guise that it's coming from the owner, since I'm taking over their property subject to the existing loan. Any recommendations? Follow Ups: Reinstating a loan Ward-CA- 7:39 PM, 04/15/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I found a pre-sale foreclosure, where the owner filed BK right before the sale, so the sale was rescinded. I cut a deal with the owner, waited the 5 days before signing a deed, and I'm now trying to get a reinstatement amount from the lender, but they have told me to call a law office, who has bounced me around and/or not returned calls. : 1)Anybody know a good way to get a quick response regarding reinstatement? : 2)how do I assure myself that the payment I make will in fact reinstate the loan, rather than having the bank just apply it to principal? : 3) I need to do this under the guise that it's coming from the owner, since I'm taking over their property subject to the existing loan. Any recommendations? 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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