What happens when…

[bubba99]

Mom’s best bets are to foreclose from the second position, or let to let the first foreclose and simply bid on the property. This would effectively wipe out any thirds, and in the second position, she would get any “overages” from the sale. Her paying the first to keep it out of foreclosure is a mistake.

From your perspective, if mom can actually pay off the first via a new loan, or at auction, no need to move. She will probably still want a good renter.

But mom really needs to get some professional help to make any of this work, and possible protect herself from what is becomming an abusive son who might see “other” solutions to his problem. There seems to be no limit to the damage family arguments can cause to the family members.

[The OC Scam]

Marion,

The foreclosure process can take a long time. In my case the first defaults came after 4-5 months no payments by the owner in March 06 and the auction didn’t occur until September 07.

In todays declining market the house will take atleast 6 months to sell even if it is priced low.

Our home had a second and first however the first loan holder paid off the second loan at the auction.

[The OC Scam]

Marion,

The foreclosure process can take a long time. In my case the first defaults came after 4-5 months no payments by the owner in March 06 and the auction didn’t occur until September 07.

In todays declining market the house will take atleast 6 months to sell even if it is priced low.

Our home had a second and first however the first loan holder paid off the second loan at the auction.

[The OC Scam]

Marion,

The foreclosure process can take a long time. In my case the first defaults came after 4-5 months no payments by the owner in March 06 and the auction didn’t occur until September 07.

In todays declining market the house will take atleast 6 months to sell even if it is priced low.

Our home had a second and first however the first loan holder paid off the second loan at the auction.

[The OC Scam]

Marion,

The foreclosure process can take a long time. In my case the first defaults came after 4-5 months no payments by the owner in March 06 and the auction didn’t occur until September 07.

In todays declining market the house will take atleast 6 months to sell even if it is priced low.

Our home had a second and first however the first loan holder paid off the second loan at the auction.

[The OC Scam]

Marion,

The foreclosure process can take a long time. In my case the first defaults came after 4-5 months no payments by the owner in March 06 and the auction didn’t occur until September 07.

In todays declining market the house will take atleast 6 months to sell even if it is priced low.

Our home had a second and first however the first loan holder paid off the second loan at the auction.

[moneymaker]

It seems to me that when equity is quickly disappearing whoever owns the second should go for a lien rather than foreclose. Does this make sense?It may take longer to get the money, but wouldn’t the first have to pay off the second’s lien in order to take possession in a foreclosure.

[moneymaker]

It seems to me that when equity is quickly disappearing whoever owns the second should go for a lien rather than foreclose. Does this make sense?It may take longer to get the money, but wouldn’t the first have to pay off the second’s lien in order to take possession in a foreclosure.

[moneymaker]

It seems to me that when equity is quickly disappearing whoever owns the second should go for a lien rather than foreclose. Does this make sense?It may take longer to get the money, but wouldn’t the first have to pay off the second’s lien in order to take possession in a foreclosure.

[moneymaker]

It seems to me that when equity is quickly disappearing whoever owns the second should go for a lien rather than foreclose. Does this make sense?It may take longer to get the money, but wouldn’t the first have to pay off the second’s lien in order to take possession in a foreclosure.

[moneymaker]

It seems to me that when equity is quickly disappearing whoever owns the second should go for a lien rather than foreclose. Does this make sense?It may take longer to get the money, but wouldn’t the first have to pay off the second’s lien in order to take possession in a foreclosure.

[little lady]

Maybe this will help,

Why Not Just Stop Paying Your Second Mortgage In California?
http://www.sandiegopredatorylending.com/?p=34

http://www.sandiegopredatorylending.com/?p=33

[little lady]

Maybe this will help,

Why Not Just Stop Paying Your Second Mortgage In California?
http://www.sandiegopredatorylending.com/?p=34

http://www.sandiegopredatorylending.com/?p=33

[little lady]

Maybe this will help,

Why Not Just Stop Paying Your Second Mortgage In California?
http://www.sandiegopredatorylending.com/?p=34

http://www.sandiegopredatorylending.com/?p=33

[little lady]

Maybe this will help,

Why Not Just Stop Paying Your Second Mortgage In California?
http://www.sandiegopredatorylending.com/?p=34

http://www.sandiegopredatorylending.com/?p=33

[Author]

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