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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Ward-Hypothetical Question on a 2nd, Help! Posted by Shelly on January 28, 2004 at 5:56 PM Hi Ward, I have a hypothetical question for you. Suppose there is a house with a fair market value of $200,000. It has a 1st of $120,000 and a 2nd of $2,000. They are current on the first, but the 2nd is going to default on them. Would you then go and buy the 2nd? Do you get title to the property subject to the first? If so, do you then kick the people out and then contact the first to pay them off? Would appreciate any info! Follow Ups: Hypothetical answer... Ward-CA- 6:45 AM, 01/29/04 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Hi Ward, : I have a hypothetical question for you. Suppose there is a house with a fair market value of $200,000. It has a 1st of $120,000 and a 2nd of $2,000. They are current on the first, but the 2nd is going to default on them. Would you then go and buy the 2nd? Do you get title to the property subject to the first? If so, do you then kick the people out and then contact the first to pay them off? Would appreciate any info! 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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