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Foreclosure Forum |
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Are we on top of things?
Ward, Incidentally, we found out from trustee that the trustor would've reinstated a week earlier, but he had mailed the check to the wrong address. It was returned to him and then he had to remail it. We had wondered why he hadn't reinstated or refinanced because he's got close to 60K in equity. So now it looks like we just sit back and wait out our 111 days. I guess the remaining three scenarios are... 1) we may get reinstated before we have our trustee sale (if so, we sell the note); 2) we may get paid in full through our sale (if so, we get our full amount owed, and any overbid goes to the trustor, since there isn't a 3rd); or 3) we may get the property through our sale (if so, we clean it up and do a quick sale, making the most profit of all). Does this all look right to you?
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