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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: High default amounts indicates advances. Posted by Ward-CA- on October 14, 2001 at 5:50 AM In Reply to: High default amounts posted by Alfred CA on October 14, 2001 at 1:10 AM : Ward -- when looking over the CRR foreclosure lists sometimes I see a real high default amount due when the loan is a small amount and the delinquency date is recent (ex. 124K loan made Aug 98; default amt is $22.3K; the delinq date is April 01). Do you have an explanation for these situations? Thanks. =•=•=•=•=•=•=•=•=•=•=•= Alfred, generally the situation you describe is attributable to large advances made by a junior lienor towards curing senior liens and/or paying for delinquent property taxes and hazard insurance. Follow Ups: Vice Versa ? Troy 11:55 AM, 10/15/01 (1) Re: Foreclosure enigmas Ward-CA- 6:07 AM, 10/18/01 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : Ward -- when looking over the CRR foreclosure lists sometimes I see a real high default amount due when the loan is a small amount and the delinquency date is recent (ex. 124K loan made Aug 98; default amt is $22.3K; the delinq date is April 01). Do you have an explanation for these situations? Thanks. : =•=•=•=•=•=•=•=•=•=•=•= : Alfred, generally the situation you describe is attributable to large advances made by a junior lienor towards curing senior liens and/or paying for delinquent property taxes and hazard insurance. 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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