foreclosures - Posted by Jerry


#1

Posted by Tom Brown on November 02, 1998 at 15:11:47:

You have to find out what the lender will let you do.(Let the owner find out without mentioning a sale)
The odds are that the entire loan has been called. You would have to make up any back payments, penalty interest and fees, AND attorney fees before most lenders would reinstate the loan.


#2

foreclosures - Posted by Jerry

Posted by Jerry on November 02, 1998 at 13:02:54:

I want to buy a house in foreclosure- non assumable conve loan. 1985. Time is short TD state= 11 days before sale date. What’s the best way to do it? Is it better to assume it , paying the back pymts. or just quik claim it and make every current. Appreciate any suggestions.