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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: In general,.. Posted by M.Osterman on August 07, 2003 at 8:07 AM In Reply to: In general,.. posted by Ward-CA- on August 05, 2003 at 7:58 PM : : Can anyone provide a ball-park on how much cash do I need to even start dreaming of pre-foreclosures. : : $5K, $20, $25K, $50K,....how much ?? : -=-=-=-=-=-=-=-=-=-= : I'd say you need about $20K—$25K. : That would give you $5K to advance to the seller (balance in a secured, promissory note) and $8K to reinstate the senior lienor and $10K to rehab the property. ------------------------------- Ward, I posted this on another site as well, my apologies if you have'nt had a chance to get to it. Does the 8k reinstatement reflect the 1/2requirement to reconstruct the loan? or are you assuming tha this is the amount they may be behind? Thanks, Mike (N.CAL) Follow Ups: Avg. amount in arrears. Ward-CA- 3:22 PM, 08/07/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : : Can anyone provide a ball-park on how much cash do I need to even start dreaming of pre-foreclosures. : : : $5K, $20, $25K, $50K,....how much ?? : : -=-=-=-=-=-=-=-=-=-= : : I'd say you need about $20K—$25K. : : That would give you $5K to advance to the seller (balance in a secured, promissory note) and $8K to reinstate the senior lienor and $10K to rehab the property. : ------------------------------- : Ward, : I posted this on another site as well, my apologies if you have'nt had a chance to get to it. Does the 8k reinstatement reflect the 1/2requirement to reconstruct the loan? or are you assuming tha this is the amount they may be behind? : Thanks, : Mike (N.CAL) 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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