InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Foreclosure Codes 50 State Resource Data Foreclosure Glossary Foreclosure Statistics 60+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Some form of schmoozing.. Posted by Ward-CA- on April 27, 2003 at 8:10 PM In Reply to: 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 ================ Greg, I would guess your competition has developed personal contacts within the trustee and/or lender middle echelons that can pull the right strings that get things done quickly at the last minute. Follow Ups: 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 : ================ : Greg, : I would guess your competition has developed personal contacts within the trustee and/or lender middle echelons that can pull the right strings that get things done quickly at the last minute. 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

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction.

Copyright © 1997-2003, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455