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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] The available equity is determinative... Posted by Ward-CA- on August 18, 2003 at 9:06 AM In Reply to: Buying 2nds With Intent to Foreclose? posted by SeanW on August 17, 2003 at 5:32 PM : Ward, if there is "equity to be found" when a 2nd is willing to sell at discount... but the owner isn't showing any interest in selling, would you buy the 2nd anyway? Do you think reinstating a 1st and persuing your own foreclosure, is worth the hassle? ===================== Sean, Yes, I might go after the 2nd if the amount of equity up for grabs at the discounted 2nd's position is high enough. That's the determinative aspect as to whether it's "worth the hassle" to force a foreclosure of the 2nd. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Ward, if there is "equity to be found" when a 2nd is willing to sell at discount... but the owner isn't showing any interest in selling, would you buy the 2nd anyway? Do you think reinstating a 1st and persuing your own foreclosure, is worth the hassle? : ===================== : Sean, : Yes, I might go after the 2nd if the amount of equity up for grabs at the discounted 2nd's position is high enough. That's the determinative aspect as to whether it's "worth the hassle" to force a foreclosure of the 2nd. 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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