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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Unconscionable advantage explained Posted by Ward-CA- on September 28, 2001 at 12:02 AM In Reply to: Unconscionable Advantage posted by Ron M on September 28, 2001 at 11:31 AM : According to CA Civil Code 1695.13 (Prohibited Acts) : It is unlawful for any person to initiate, enter into, negotiate, etc .etc....if such person by the terms of such transaction takes unconscionable advantage of the property owner in foreclosure. : Ward, or anyone...can you give an example of someone taking unconscionable advantage of a property owner in foreclosure? : The above language is broad and subject to interpretation, it seems, in a number of ways. How do you interpret it? : TIA : Ron M =•=•=•=•=•=•=•=•=•=•=•=•=• Ron, an unconscionable advantage is generally thought of in terms of a lopsided deal, done before or at the foreclosure sale, where the defaulting owner receives a mere pittance for her equity. Seems more foreclosure buyers are now more unconcerned in this area than just a few years ago. Follow Ups: Re: Unconscionable advantage explained Ron M 12:35 AM, 09/28/01 (2) Re: Unconscionable advantage dilemma Ward-CA- 2:15 PM, 09/28/01 (1) Re: Unconscionable advantage dilemma Ron M 3:44 PM, 09/28/01 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : According to CA Civil Code 1695.13 (Prohibited Acts) : : It is unlawful for any person to initiate, enter into, negotiate, etc .etc....if such person by the terms of such transaction takes unconscionable advantage of the property owner in foreclosure. : : Ward, or anyone...can you give an example of someone taking unconscionable advantage of a property owner in foreclosure? : : The above language is broad and subject to interpretation, it seems, in a number of ways. How do you interpret it? : : TIA : : Ron M : =•=•=•=•=•=•=•=•=•=•=•=•=• : Ron, an unconscionable advantage is generally thought of in terms of a lopsided deal, done before or at the foreclosure sale, where the defaulting owner receives a mere pittance for her equity. : Seems more foreclosure buyers are now more unconcerned in this area than just a few years ago. 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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