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 ] Re: Need help with this one - lien priority? Posted by Joe Kaiser on June 14, 2003 at 9:51 AM In Reply to: Need help with this one - lien priority? posted by Angela, MN on June 13, 2003 at 8:04 PM Okay, then . . . Is your deed recorded? If so, the former owner can't now encumber your property. So if the lender didn't record, I don't think they now can. I'd like to see the former owner out of there entirely. I don't like the idea of remortgaging, advising, and then negotiating. That's not how the game is played and you'll look like a sharpie. And don't forget, at some point they come looking for the seller to collect their money, even if the seller no longer owns the thing. I might buy it and sell it, but I wouldn't spend the money and I'd make sure the seller signs a disclosure statement acknowledging the possibility of a large problem out in the future. . . . and I'd have a good attorney waiting in the wings . . . Joe Kaiser ForeclosureClues.com Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Okay, then . . . : Is your deed recorded? If so, the former owner can't now encumber your property. So if the lender didn't record, I don't think they now can. : I'd like to see the former owner out of there entirely. I don't like the idea of remortgaging, advising, and then negotiating. That's not how the game is played and you'll look like a sharpie. : And don't forget, at some point they come looking for the seller to collect their money, even if the seller no longer owns the thing. : I might buy it and sell it, but I wouldn't spend the money and I'd make sure the seller signs a disclosure statement acknowledging the possibility of a large problem out in the future. : . . . and I'd have a good attorney waiting in the wings . . . : Joe Kaiser 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