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.

Follow Ups:

• Re: Purchasing Notes from Lenders - yihunie Mekonnen 03:46:18 08/16/05 (0)

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Comments:
: 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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