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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Sale of 1st vs. 2nd TD Posted by Gary on June 05, 2003 at 10:02 PM Ward: This is a hypothetical question. A house has a 1st and a 2nd TD and the 1st forecloses and receives a winning bid of X dollars. The house next door is identical and also has a 1st and 2nd TD for the same amounts but it's the 2nd that goes to trustee sale. Does the winning bid on the house next door plus the remaining 1st TD come in less than the full trustee sale price on the first (X dollars)? I ask this because I saw a foreclosure listing that had the 1st TD going to sale 30 minutes after the 2nd TD goes to sale. What's the investor strategy here? Gary Follow Ups: Hypothetical answer... Ward-CA- 9:35 AM, 06/07/03 (0) Sale of 1st after a 2nd? SeanW 5:24 AM, 06/06/03 (1) Re: Sale of 1st after a 2nd? JeffS-CA 4:24 PM, 06/06/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Ward: : This is a hypothetical question. A house has a 1st and a 2nd TD and the 1st forecloses and receives a winning bid of X dollars. The house next door is identical and also has a 1st and 2nd TD for the same amounts but it's the 2nd that goes to trustee sale. Does the winning bid on the house next door plus the remaining 1st TD come in less than the full trustee sale price on the first (X dollars)? I ask this because I saw a foreclosure listing that had the 1st TD going to sale 30 minutes after the 2nd TD goes to sale. What's the investor strategy here? : Gary 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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