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Selecting a Trustee

Posted by Jim on September 30, 2001 at 9:34 PM

Given: HOA filed NOD, 1st note trustee filed NOD, investor buys non-performing seller carry-back second, slim to little chance trustor can cure,. Investor must reinstate both defaults to protect position and allow for time to file NOD on his second.

Question:Is there advantage, disadvantage, good or bad in investor using one of the trustee representing HOA or 1st note?
Thanks for this forum!


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