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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] How to avoid or postpone 1st mortgage foreclosing? Posted by bob on March 25, 2004 at 7:55 PM I bought a property from a 2nd mortgage foreclosing this week in PA. The 1st mortgage will foreclose next month (debt $170,000). There is about $80,000 suplus from the 2nd mortgage sale. It takes one or two months for sheriff to distribute the fund. What options do I have to avoid or postpone 1st mortgage foreclosing sale? Contact the bank directly? Can I assume the 1st mortgage or buy it and get assigned? BTW, the 1st mortgage is Chase Manhatan Mort Corp. Which dept or persons should I talk to? Any contact information? Thank you very much! Bob Follow Ups: Clarify... Buyout or Trustee Sale? Sean, N.C. 11:21 AM, 03/28/04 (0) $80K surplus? Sean, N.C. 10:54 AM, 03/28/04 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I bought a property from a 2nd mortgage foreclosing this week in PA. The 1st mortgage will foreclose next month (debt $170,000). There is about $80,000 suplus from the 2nd mortgage sale. It takes one or two months for sheriff to distribute the fund. What options do I have to avoid or postpone 1st mortgage foreclosing sale? Contact the bank directly? Can I assume the 1st mortgage or buy it and get assigned? BTW, the 1st mortgage is Chase Manhatan Mort Corp. Which dept or persons should I talk to? Any contact information? : Thank you very much! : Bob 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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