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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] multiple deeds of trust Posted by david on May 16, 2003 at 10:56 AM iam interested in a property in north carolina. the house is in foreclosure and is set to sell at auction 7/1/2003. i have been researching the title record and have found several deeds of trust. 1 the foreclosing deed is for $98,000 recorded in 1994 2 then there are 3 others for $15,000, $36,000, and $25,000 recorded in 1998,2000,2001 3 then there are 2 that say the "the maximum principal secured by this deed is not to exceed $300,000" also states "the word note mean the note dated ___ in the principal amount of $300,000 from borrower to lender.... there is one with the same language as above but the amount is $250,000. what are these? are they lines of credit, on the deed it offers no terms of repayment terms like it does in item 1 and 2 above. im trying to figure out if i can get a good deal on this house paying off all existing leans before it goes to auction. i do not have the cash to buy at auction but love this house and would want to buy it as my primary residence. any help would be appreciated david Follow Ups: Finding a good deal... Ward-CA- 6:22 PM, 05/17/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : iam interested in a property in north carolina. the house is in foreclosure and is set to sell at auction 7/1/2003. i have been researching the title record and have found several deeds of trust. : 1 the foreclosing deed is for $98,000 recorded in 1994 : 2 then there are 3 others for $15,000, $36,000, and $25,000 recorded in 1998,2000,2001 : 3 then there are 2 that say the "the maximum principal secured by this deed is not to exceed $300,000" also states "the word note mean the note dated ___ in the principal amount of $300,000 from borrower to lender.... there is one with the same language as above but the amount is $250,000. what are these? are they lines of credit, on the deed it offers no terms of repayment terms like it does in item 1 and 2 above. : im trying to figure out if i can get a good deal on this house paying off all existing leans before it goes to auction. i do not have the cash to buy at auction but love this house and would want to buy it as my primary residence. : any help would be appreciated : david 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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