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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Present / Future Value of Junior Note Posted by Rick on May 29, 2003 at 3:01 PM Hi Ward, Thanks for this great resource. I have been combing all I can find on JBB's... I have two questions: First, one thing that doesn't make sense to me is, all the discussion about buying JB's refers to the face value of the note-- that is, for example: if I am negotiating the purchase of a $50k junior (which, in this case is current but senior is in default), and the trustor has been paying on it for say, 5 years; the balance now is say, $20k. Obviously, I would need to calc the present and future values when making my offer, correct?... anything else to consider here? Second, if I buy the note and it is not in default, how can I start a foreclosure unless I am forced to reinstate the senior? Just seems a little cloudy, any clarification would be greatly appreciated... thanks. Rick Follow Ups: Not easy to calculate the unpaid balance on a junior lien. Ward-CA- 9:44 PM, 05/29/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Hi Ward, : Thanks for this great resource. I have been combing all I can find on JBB's... I have two questions: : First, one thing that doesn't make sense to me is, all the discussion about buying JB's refers to the face value of the note-- that is, for example: if I am negotiating the purchase of a $50k junior (which, in this case is current but senior is in default), and the trustor has been paying on it for say, 5 years; the balance now is say, $20k. Obviously, I would need to calc the present and future values when making my offer, correct?... anything else to consider here? : Second, if I buy the note and it is not in default, how can I start a foreclosure unless I am forced to reinstate the senior? : Just seems a little cloudy, any clarification would be greatly appreciated... thanks. : Rick 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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