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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Ward, please enlighten me. Posted by john on December 17, 2001 at 11:50 AM Hi, I asked a question a few months back about a situation I am. Here it is in a nutshell. My condo was auctioned by my HMA in Texas. The new owners tried to deal with me to buy it back from them. I decided that this was a bad deal, so I took the overage and moved on. Fast forward 3 months. The condo is up for auction in early Jan. because the primary is forclosing. Which is to be expected since I didn't pay them any more. I get a phone call from the new owners. They want me to help them re-instate the loan. My question is, why can't they do this themselves. Why should I help them. Is my credit already screwed? I can see a benefit to having the house not go to auction, as I believe it will prevent such things as a deficiency, and possibly some tax problems. But why is this a good deal for them, beyond the obvious potential wipe-out in the auction. Is there some reason that they as the new owners need my help to re-instate? Follow Ups: Re: I find it baffling too. Ward-CA- 6:41 AM, 12/18/01 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Hi, : : I asked a question a few months back about a situation I am. Here it is in a nutshell. My condo was auctioned by my HMA in Texas. The new owners tried to deal with me to buy it back from them. I decided that this was a bad deal, so I took the overage and moved on. Fast forward 3 months. The condo is up for auction in early Jan. because the primary is forclosing. Which is to be expected since I didn't pay them any more. I get a phone call from the new owners. They want me to help them re-instate the loan. My question is, why can't they do this themselves. Why should I help them. Is my credit already screwed? I can see a benefit to having the house not go to auction, as I believe it will prevent such things as a deficiency, and possibly some tax problems. But why is this a good deal for them, beyond the obvious potential wipe-out in the auction. Is there some reason that they as the new owners need my help to re-instate? 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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