Ward and his office helpers

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: JBB Buyout vs. Short Sale

Posted by SeanW on July 05, 2003 at 8:32 PM

In Reply to: JBB Buyout vs. Short Sale posted by Gary on July 03, 2003 at 8:37 AM

I've seen comments on these boards that short sales can be difficult, because the holder of the first refuses to discount at all... and expects the holder of a junior note (and the home owner) to not get anything. It creates a lot of time-consuming haggling and coaxing all around.

At least with the JBB you are negotiating primarily with the holder of the 2nd. Then you can quietly bring the first current, and make the payments on it.


Follow Ups:


Post a Followup:

Name    : 
E-Mail  : 
Subject : 
Comments: 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

[an error occurred while processing this directive]