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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Last minute purchase without BK - HOW? Posted by Greg on April 27, 2003 at 6:30 PM Ward, I know that some of the volume buyers around here never utilize the bankruptcy court. I know they are finding and buying properties from the owner in the last day or two before the sale, often the night before. (I now becasue we run into each other at the door). Here's the part I can't understand. How are they able to negotiate with the lender at the very last minute? I would think that if I tried this I might not even to be able to get the right person on the phone in time to stop the sale - yet these guys repeatedly do this within the last 24 hours. As a test I called one of California's biggest lenders and asked them about how an onwer in foreclosure could make a last minute reinstatement. They discussed many obstacles, and made it sound impossible to the morning of the sale. Any ideas how this is done? Greg Follow Ups: Re: Last minute purchase without BK - HOW? David 10:38 PM, 04/27/03 (1) Re: Last minute purchase without BK - HOW? greg 12:38 AM, 04/29/03 (0) Some form of schmoozing.. Ward-CA- 8:10 PM, 04/27/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Ward, : I know that some of the volume buyers around here never utilize the bankruptcy court. I know they are finding and buying properties from the owner in the last day or two before the sale, often the night before. (I now becasue we run into each other at the door). : Here's the part I can't understand. How are they able to negotiate with the lender at the very last minute? : I would think that if I tried this I might not even to be able to get the right person on the phone in time to stop the sale - yet these guys repeatedly do this within the last 24 hours. : As a test I called one of California's biggest lenders and asked them about how an onwer in foreclosure could make a last minute reinstatement. They discussed many obstacles, and made it sound impossible to the morning of the sale. : Any ideas how this is done? : Greg 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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