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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Cure 1st in foreclosure? Posted by Larry Marshall on December 16, 2003 at 6:39 AM I have a deed for a house in foreclosure in Los Angeles. The following are the positions: 1st TD: $160,000 2nd TD: 40,000 It's been about 30 days since the NOD was filed. The 1st is in arrears about $10K and needs about 5-10K work. The house is worth about 230K. The 2nd seems not to want to discount at all. Can anyone estimate what additional charges the 1st might add before it goes to sale? Someone suggested curing the 1st and waiting for the 2nd to come around. Can anyone explain this strategy? I am confused about what it might accomplish. Thanks - Larry Follow Ups: Some observations.. Ward-CA- 7:41 AM, 12/16/03 (1) Re: Some observations.. Larry Marshall 10:51 AM, 12/17/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I have a deed for a house in foreclosure in Los Angeles. The following are the positions: : 1st TD: $160,000 : 2nd TD: 40,000 : It's been about 30 days since the NOD was filed. The 1st is in arrears about $10K and needs about 5-10K work. The house is worth about 230K. The 2nd seems not to want to discount at all. : Can anyone estimate what additional charges the 1st might add before it goes to sale? : Someone suggested curing the 1st and waiting for the 2nd to come around. Can anyone explain this strategy? I am confused about what it might accomplish. : Thanks - Larry 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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