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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Buying an LOC trust deed. Posted by Ward-CA- on September 28, 2001 at 8:14 PM In Reply to: A TD that is a line of credit posted by Alfred CA on September 28, 2001 at 5:36 PM : Ward, : If the 2nd TD on a property is a home equity line of credit (HELOC) is that something one can pursue in doing a JBB, or could one run into problems? =•=•=•=•=•=•=•=•=•=•=•=•=• Alfred, I guess it would be OK as long as you, the new beneficiary, could comply with the terms of the LOC. Like being ready to instantly lend the trustor a large amount of money on a moment's notice for up to 15 years. The present value of any trust deed is determined by the receipt of a certain stream of income for a certain number of payments. Might be hard to figure that with an LOC where the trustor is more inclined to an unpredictable gyrating balance over the life of the loan. Personally I’d stick to the more traditional loans. Hope this helps. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Ward, : : If the 2nd TD on a property is a home equity line of credit (HELOC) is that something one can pursue in doing a JBB, or could one run into problems? : =•=•=•=•=•=•=•=•=•=•=•=•=• : Alfred, I guess it would be OK as long as you, the new beneficiary, could comply with the terms of the LOC. Like being ready to instantly lend the trustor a large amount of money on a moment's notice for up to 15 years. The present value of any trust deed is determined by the receipt of a certain stream of income for a certain number of payments. Might be hard to figure that with an LOC where the trustor is more inclined to an unpredictable gyrating balance over the life of the loan. : Personally I’d stick to the more traditional loans. : Hope this helps. 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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