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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Foreclosure urgency and very soft terms... Posted by Ward-CA- on February 23, 2004 at 11:01 PM In Reply to: Re: Make a secured loan... posted by Dave on February 23, 2004 at 11:32 AM : Ward, : Is the bankruptcy court okay with debtor taking on additional debt during proceedings? : Also, what note terms do you use? : Thanks, : Dave ============= Dave, I think the owner could show that if the loan wasn’t made her entire equity in the property would have been lost to foreclosure in just two days...time was of the essence. The terms are no points or origination fees of any kind, with simple interest at 6%, with a payoff date within 60 to 90 days. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Ward, : : Is the bankruptcy court okay with debtor taking on additional debt during proceedings? : : Also, what note terms do you use? : : Thanks, : : Dave : ============= : Dave, : I think the owner could show that if the loan wasn’t made her entire equity in the property would have been lost to foreclosure in just two days...time was of the essence. : The terms are no points or origination fees of any kind, with simple interest at 6%, with a payoff date within 60 to 90 days. 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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