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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Good News For Foreclosure Buyer Posted by SeanW on October 09, 2003 at 6:21 PM In Reply to: What is the worst that could happen? posted by James-CA on October 07, 2003 at 4:01 PM That super-senior foreclosing trust deed, is likely going to wipe off all existing liens and judgements. It's also been payed down for quite a while, so the remaining balance will be low. I try to keep an eye out for this situation in the notices of sale. I just can't believe the current owner gets off scott free. He still assumed the trust deed-- and I'll betch'a the lenders find a way to attach the foreclosure to his credit. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : That super-senior foreclosing trust deed, is likely going to wipe off all existing liens and judgements. It's also been payed down for quite a while, so the remaining balance will be low. I try to keep an eye out for this situation in the notices of sale. : I just can't believe the current owner gets off scott free. He still assumed the trust deed-- and I'll betch'a the lenders find a way to attach the foreclosure to his credit. 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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