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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Foreclosure; Trustee Sale Posted by Paul Hamilton on January 22, 2004 at 10:40 AM In Reply to: Foreclosure; Trustee Sale posted by Lala on March 28, 2002 at 9:29 PM Hello Ward: I purchased a property at a sale through a foreclosure on a 2nd TD. The first TD, WAMU gave me a payoff amount $60,000 above the original DOT. Turns out there was a "modificaltion" of the senior DOT. This modification was recorded "junior" to my 2nd TD. The Modification changed the Trustor, the loan amount, and the terms. I contacted the Beneficiary of the 2nd for more info. and he said the prior owner tried to get him to subordinate his 2nd to a new 1st but he refused. So they just modified the DOT. Isn't this Modification a junior lien that should be wiped out by the sale? and how do I do that? Thanks, Paul Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Hello Ward: : I purchased a property at a sale through a foreclosure on a 2nd TD. The first TD, WAMU gave me a payoff amount $60,000 above the original DOT. Turns out there was a "modificaltion" of the senior DOT. This modification was recorded "junior" to my 2nd TD. The Modification changed the Trustor, the loan amount, and the terms. I contacted the Beneficiary of the 2nd for more info. and he said the prior owner tried to get him to subordinate his 2nd to a new 1st but he refused. So they just modified the DOT. : Isn't this Modification a junior lien that should be wiped out by the sale? and how do I do that? : Thanks, : Paul 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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