Posted by Irwin on January 23, 1999 at 18:06:31:
Your questions puzzle me a little and Dan has asked a good question. We know you hold a deed, and that you want a f/c sale to be held ASAP. Presumably, you will either bid the first mortgage debt and take it free and clear of junior liens (but what if they bid too). Or, the equity is far greater than all liens and you hope to pick up overplus after the sale. What we don’t know is what is against the property, what the property is worth, and what your plan is.