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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Subject to due to foreclosure sale... Posted by Ward-CA- on August 23, 2003 at 6:10 PM In Reply to: Re: Impounds and taking title subject to... posted by kennyboy on August 23, 2003 at 9:28 AM : What about in the case of a trustee deed? =-=-=-=-=-=-=-=-=-=-=-= Ken, The odds are quite high that if you take title of real property by being the highest bidder at a foreclosure auction, it's going to be at the foreclosure auction of the 1st trust deed. If that's the case there won't be any senior lienholder to worry about. If you took title at the foreclosure auction of the 2nd and thus subject to the remaining 1st trust deed I haven't had many problems at all. I guess the 1st figures I'll be refinancing or reselling the property quick enough not to bug me about their due-on-sale razzmatazz. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : What about in the case of a trustee deed? : =-=-=-=-=-=-=-=-=-=-=-= : Ken, : The odds are quite high that if you take title of real property by being the highest bidder at a foreclosure auction, it's going to be at the foreclosure auction of the 1st trust deed. If that's the case there won't be any senior lienholder to worry about. : If you took title at the foreclosure auction of the 2nd and thus subject to the remaining 1st trust deed I haven't had many problems at all. I guess the 1st figures I'll be refinancing or reselling the property quick enough not to bug me about their due-on-sale razzmatazz. 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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