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 Angela on June 14, 2003 at 10:34 AM In Reply to: Re: Need help with this one - lien priority? posted by Joe Kaiser on June 14, 2003 at 8:07 AM I haven't recorded my deed. Ideally, what I'd like to do is just have some negotiating power with the larger mortgage and have them short sale it at not much. I don't want any clouds on the title or things left over when I sell it (I'm a Realtor, too, so I have extra liability)... I would just think if I called the mortgage company and told them they are in 3rd position with no hope of getting any money at the sale, I would have a good bargaining chip with them to settle for a lot less. That's really all I'm trying to do, I guess. Do you think they would see it my way and it could be cleared up? They haven't been doing much with the file anyway and it's not like it's a HUGE loan... I'm hoping I can pursuade them to get it off their books for a couple thousand. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : I haven't recorded my deed. : Ideally, what I'd like to do is just have some negotiating power with the larger mortgage and have them short sale it at not much. I don't want any clouds on the title or things left over when I sell it (I'm a Realtor, too, so I have extra liability)... : I would just think if I called the mortgage company and told them they are in 3rd position with no hope of getting any money at the sale, I would have a good bargaining chip with them to settle for a lot less. That's really all I'm trying to do, I guess. : Do you think they would see it my way and it could be cleared up? : They haven't been doing much with the file anyway and it's not like it's a HUGE loan... I'm hoping I can pursuade them to get it off their books for a couple thousand. 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