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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] One step back.. Posted by Ward-CA- on July 30, 2003 at 1:28 AM In Reply to: Re: 2nd Step posted by Danny on July 29, 2003 at 12:45 AM : Thanks Ward, : Just got back from visiting the house and seems like the : house needs aprox 50K in repairs, but I stated to them that the : extra amounts would be reduced. They are behind 2 months and have : received their NOD, so does this mean I need to use the EPA?. : Thanks. : Danny =-=-=-=-=- Danny, Yes, the recording of the NOD (notice of default) means you'll have to use the EPA (equity purchase agreement) and its attendant Notice of Cancellation. And, I know you're aware that you'll have to adjust your earlier figures in the Net Equity Worksheet. This is still a good deal to work on. And you're going to make some money and help out this couple in the meantime. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Thanks Ward, : : Just got back from visiting the house and seems like the : : house needs aprox 50K in repairs, but I stated to them that the : : extra amounts would be reduced. They are behind 2 months and have : : received their NOD, so does this mean I need to use the EPA?. : : Thanks. : : Danny : =-=-=-=-=- : Danny, : Yes, the recording of the NOD (notice of default) means you'll have to use the EPA (equity purchase agreement) and its attendant Notice of Cancellation. And, I know you're aware that you'll have to adjust your earlier figures in the Net Equity Worksheet. : This is still a good deal to work on. And you're going to make some money and help out this couple in the meantime. 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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