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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Vice Versa ? Posted by Troy on October 15, 2001 at 11:55 AM In Reply to: Re: High default amounts indicates advances. posted by Ward-CA- on October 14, 2001 at 5:50 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. ______________________ Ward, in relation to the above, I've always been confused when I see a senior lienor's minimum bid amount to be less than their original loan amount (on a recent loan). Why would this be? Large principal pay-down amounts having been made by the trustor or junior lienors? Or, just a mistake by CRR? Follow Ups: 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. : ______________________ : Ward, in relation to the above, I've always been confused when I see a senior lienor's minimum bid amount to be less than their original loan amount (on a recent loan). Why would this be? Large principal pay-down amounts having been made by the trustor or junior lienors? Or, just a mistake by CRR? 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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