Foreclosures Discussion Archive 14

Purchasing Notes from Lenders

Posted by Daniel on June 22, 2005 at 18:53:40:



I am trying to purchase a property from the owner. The first lien holder filed NOS and trustee sale is shceduled in two weeks.To maximize the profit, I am considering purchasing the second lien from the lender. It will be wiped out if the property is sold at Trustee Sale.

I would like to know that the lender is willing to sell the notes in the current market. I never purchased notes from lenders.

If I can purchase the notes, what procedure do I have to follow?

Please help me.



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