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Best resource for determining note terms and balance?

Posted by kennyboy on August 16, 2003 at 8:47 AM

What is the best resource for determining the note terms and balance. Default and notice of sales give payoff info but not terms. Trust deeds don't have the notes attached do they? Note terms can vary wildly from fixed to ARMS to interest only balloons which makes estimating risky.

So if I'm looking at a second, I can call the bene and get that info, but what about the terms of the first note? Can I call that bene? Is it recorded somewhere? Sometimes the bene also defaulted and cured the first so the payoff would be in the notice of trustee sale, but not the terms.

Any help would be greatly appreciated.


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