Posted by John on September 17, 2004 at 06:07:53:
You said they filed for BK.
Unless the property is released from the BK there is nothing you can
do. Even the lender can not foreclosure until the property is released
by the trustee for the BK.
Tell us a bit more and maybe we can suggest more specifics. Or send
Which note is in default (both I would guess)? Have you contact the
lenders? Will the 2nd discount?
Coming up with the 10K is something I could easily do if there is
enough profit on the table. This deal is OK (not great) depending on