Home › Forums › Financial Markets/Economics › Does foreclosure void existing rental contracts?
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2009 Buyer.
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June 22, 2009 at 6:36 PM #419537June 22, 2009 at 6:49 PM #419205
PadreBrian
ParticipantNot sure. Sounds like it’s only for residential units:
June 22, 2009 at 6:49 PM #419703ParticipantNot sure. Sounds like it’s only for residential units:
June 22, 2009 at 6:49 PM #419542ParticipantNot sure. Sounds like it’s only for residential units:
June 22, 2009 at 6:49 PM #418976ParticipantNot sure. Sounds like it’s only for residential units:
June 22, 2009 at 6:49 PM #419473ParticipantNot sure. Sounds like it’s only for residential units:
June 22, 2009 at 7:55 PM #419552UCGal
ParticipantForgive my ignorance… What are 2d TDs?
June 22, 2009 at 7:55 PM #419713ParticipantForgive my ignorance… What are 2d TDs?
June 22, 2009 at 7:55 PM #419483ParticipantForgive my ignorance… What are 2d TDs?
June 22, 2009 at 7:55 PM #419215ParticipantForgive my ignorance… What are 2d TDs?
June 22, 2009 at 7:55 PM #418986ParticipantForgive my ignorance… What are 2d TDs?
June 22, 2009 at 9:05 PM #419498EconProf
ParticipantPardon the jargon.
TD stands for Trust Deeds, AKA mortgages in most states. They are a promissory note secured (collateralized) by a trust deed, a claim on a property if the note is not paid.
Usually institutions like banks hold the first deed, and investors with an appetite for risk and high return can piggybank behind a 1st TD. The danger is that in the event of foreclosure, the 1st gets paid off first with the proceeds of the foreclosure sale, and the 2d TD gets any residual. Commonly, the 2d TD holder can protect his investment only by assuming the 1st TD loan or paying it off.June 22, 2009 at 9:05 PM #419567ParticipantPardon the jargon.
TD stands for Trust Deeds, AKA mortgages in most states. They are a promissory note secured (collateralized) by a trust deed, a claim on a property if the note is not paid.
Usually institutions like banks hold the first deed, and investors with an appetite for risk and high return can piggybank behind a 1st TD. The danger is that in the event of foreclosure, the 1st gets paid off first with the proceeds of the foreclosure sale, and the 2d TD gets any residual. Commonly, the 2d TD holder can protect his investment only by assuming the 1st TD loan or paying it off.June 22, 2009 at 9:05 PM #419230ParticipantPardon the jargon.
TD stands for Trust Deeds, AKA mortgages in most states. They are a promissory note secured (collateralized) by a trust deed, a claim on a property if the note is not paid.
Usually institutions like banks hold the first deed, and investors with an appetite for risk and high return can piggybank behind a 1st TD. The danger is that in the event of foreclosure, the 1st gets paid off first with the proceeds of the foreclosure sale, and the 2d TD gets any residual. Commonly, the 2d TD holder can protect his investment only by assuming the 1st TD loan or paying it off.June 22, 2009 at 9:05 PM #419001ParticipantPardon the jargon.
TD stands for Trust Deeds, AKA mortgages in most states. They are a promissory note secured (collateralized) by a trust deed, a claim on a property if the note is not paid.
Usually institutions like banks hold the first deed, and investors with an appetite for risk and high return can piggybank behind a 1st TD. The danger is that in the event of foreclosure, the 1st gets paid off first with the proceeds of the foreclosure sale, and the 2d TD gets any residual. Commonly, the 2d TD holder can protect his investment only by assuming the 1st TD loan or paying it off. -
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