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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] What is the worst that could happen? Posted by James-CA on October 07, 2003 at 4:01 PM Hi Ward, I am starting to notice something when taking a hard look at some of these foreclosure properties. The person who is being foreclosed (Owner A) on is no longer on the deed to the property. Obviously the new "owner" (Owner B) took title subject to and/or just assumed the loan that is still outstanding and being foreclosed on. My question is, what is the worst that could happen to the Owner B who is in the property and had been making payments on it, but the loan is not in their name. It is in Owner A's. How do I approach Owner B and what would I say? I know Owner B would stand to lose the property (obviously) but he/she may not as much care about his credit as (correct me if I am wrong) his credit would not have any marks on it. Thanks for your help as always. Follow Ups: Good News For Foreclosure Buyer SeanW 6:21 PM, 10/09/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Hi Ward, : I am starting to notice something when taking a hard look at some of these foreclosure properties. The person who is being foreclosed (Owner A) on is no longer on the deed to the property. Obviously the new "owner" (Owner B) took title subject to and/or just assumed the loan that is still outstanding and being foreclosed on. My question is, what is the worst that could happen to the Owner B who is in the property and had been making payments on it, but the loan is not in their name. It is in Owner A's. How do I approach Owner B and what would I say? I know Owner B would stand to lose the property (obviously) but he/she may not as much care about his credit as (correct me if I am wrong) his credit would not have any marks on it. : Thanks for your help as always. 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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