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Buying 2nd TDs

Posted by Jim Shrout on August 13, 2003 at 2:56 PM

Ward...
I havent yet taken any of your courses, however, i intend to soon. Having said that, will you please answer a question regarding buying 2nd's...
How do you "choose" which 2nd to buy? What criteria used?
I assume it should be on a forclosure property, correct?
How do you know how much to offer the lender for the note?
In California I would assume that the lenders would want at least 70-80% of the face value, correct?
I'm not digging for answers to your training techniques its just that im confused on the process and hoping to get a "deal" done so i can afford the costs of your training program.
Thanks Ward.
Jim


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