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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Foreclosure enigmas Posted by Ward-CA- on October 18, 2001 at 6:07 AM In Reply to: Vice Versa ? posted by Troy on October 15, 2001 at 11:55 AM : 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? =•=•=•=•=•=•=•=•=•=•=•=•= Troy, if you look at a copy of the actual senior lien you’ll usually discover why the amounts differ so much. Typically the explanation is that the original lien was an All-Inclusive Trust Deed, or a consumer loan that adds all the future interest for the next 15 years to its balance and thus becomes much smaller when the unearned interest is deducted. Most of the time such enigmas can be solved by looking at a copy of the recorded lien. Hope this helps. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : 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? : =•=•=•=•=•=•=•=•=•=•=•=•= : Troy, if you look at a copy of the actual senior lien you’ll usually discover why the amounts differ so much. Typically the explanation is that the original lien was an All-Inclusive Trust Deed, or a consumer loan that adds all the future interest for the next 15 years to its balance and thus becomes much smaller when the unearned interest is deducted. : Most of the time such enigmas can be solved by looking at a copy of the recorded lien. : : Hope this helps. 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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