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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Abreviations unscrambled Posted by Ward-CA- on November 07, 2001 at 10:59 PM In Reply to: 1st questions posted by Benjamin Gutierrez on November 07, 2001 at 10:18 PM : What means : NOD : F/C : JBB : Thank you in advance : BGH =•=•=•=•=•=•=•=•=•=•=•= Benjamin, here are the words behind the abreviations: NOD = Notice of Default. The first, initial phase of foreclosure in a trustee sale state. F/C = Foreclosure JBB = Junior Bene Buyout. The routine of buying a 2nd deed of trust at a large discount from a scared junior lender in anticipation of being paid off in full by a refinance or resale of the property before the threatened foreclosure of the 1st deed of trust goes all the way to trustee sale. Hope this helps. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : What means : : NOD : : F/C : : JBB : : Thank you in advance : : BGH : =•=•=•=•=•=•=•=•=•=•=•= : Benjamin, here are the words behind the abreviations: : NOD = Notice of Default. The first, initial phase of foreclosure in a trustee sale state. : F/C = Foreclosure : JBB = Junior Bene Buyout. The routine of buying a 2nd deed of trust at a large discount from a scared junior lender in anticipation of being paid off in full by a refinance or resale of the property before the threatened foreclosure of the 1st deed of trust goes all the way to trustee sale. : : 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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