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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] JBB Buyout vs. Short Sale Posted by Gary on July 03, 2003 at 8:37 AM Ward: 1) What are the indirect and subtle differences when purchasing from a homeowner with a junior bene buyout versus puchasing from a homeowner and asking the junior bene to accept a short sale? I understand that the junior bene buyout (JBB) is a purchase of the note and trust deed at a discount and a short sale is a loan satisfaction of the note and reconveyance of the TD for less than the remaining principle (i.e., the loan is transferred vs. loan is satisfied). 2) Aside from the logistics of working with the lender, are the purchase strategies and profit different (i.e., when do you try for one vs. the other)? 3) When does a junior beneficiary accept a buyout versus a satisfaction? Is it driven by market or other conditions? Thanks, Gary Follow Ups: Re: JBB Buyout vs. Short Sale SeanW 8:32 PM, 07/05/03 (2) Re: JBB Buyout vs. Short Sale Tammy 5:19 PM, 08/22/03 (1) Re: JBB Buyout vs. Short Sale SeanW 6:43 PM, 08/22/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Ward: : 1) What are the indirect and subtle differences when purchasing from a homeowner with a junior bene buyout versus puchasing from a homeowner and asking the junior bene to accept a short sale? I understand that the junior bene buyout (JBB) is a purchase of the note and trust deed at a discount and a short sale is a loan satisfaction of the note and reconveyance of the TD for less than the remaining principle (i.e., the loan is transferred vs. loan is satisfied). : 2) Aside from the logistics of working with the lender, are the purchase strategies and profit different (i.e., when do you try for one vs. the other)? : 3) When does a junior beneficiary accept a buyout versus a satisfaction? Is it driven by market or other conditions? : Thanks, : 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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