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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] foreclosure Posted by Wm. Moore on April 30, 2003 at 3:10 AM Good morning, I am looking at properties in Pennsylvania. I know how to search courthouse records and I know the lien priority rules for my state. Most of the properties that show up on the sheriff's sale list never make it to sale day,often because the property owner files bankrupcy or get some kind of extension or workout with the lender. Also, I see properties where the foreclosure is on a junior mortgage, but I have no way of knowing just from the courthouse records what the current balance due is on the senior mortgage. When I have called lenders in the past to help a friend with a problem with their own mortgage, I have had to go through hoops to show that they were authorized to release information to me. So my question is, in a foreclosure situation, does the lender ease up on its confidentiality requirements (perhaps because now they are in an adversary relationship with property owner, trying to collect their money) and give out information such as 1) the expected upset price, 2) any info on bankruptcy filing, and 3) balances on senion mortgages. Follow Ups: Figuring unpaid balance for a senior lien.. Ward-CA- 8:08 AM, 04/30/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Good morning, : I am looking at properties in Pennsylvania. I know how to search courthouse records and I know the lien priority rules for my state. : Most of the properties that show up on the sheriff's sale list never make it to sale day,often because the property owner files bankrupcy or get some kind of extension or workout with the lender. : Also, I see properties where the foreclosure is on a junior mortgage, but I have no way of knowing just from the courthouse records what the current balance due is on the senior mortgage. When I have called lenders in the past to help a friend with a problem with their own mortgage, I have had to go through hoops to show that they were authorized to release information to me. : So my question is, in a foreclosure situation, does the lender ease up on its confidentiality requirements (perhaps because now they are in an adversary relationship with property owner, trying to collect their money) and give out information such as 1) the expected upset price, 2) any info on bankruptcy filing, and 3) balances on senion mortgages. 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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