Re: owner finance foreclosure

Posted by Jim V on October 23, 2002 at 02:52:29:

In Reply to: owner finance foreclosure posted by Amanda Hancock on October 21, 2002 at 19:19:19:

What state is the property in? Foreclosure rules vary by state, and sometimes by county.

Assuming proper service to junior lienholders, if a foreclosure was to occur and the junior did not bid, they would be wiped from title allowing you to purchase from the "owner-financier" without having to be concerned about junior(home-improvement) loans.

A little more information would help to provide a more complete answer.

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• Re: owner finance foreclosure - Amanda Hancock 19:51:04 10/23/02 (0)

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Comments:
: What state is the property in?  Foreclosure rules vary by state, and sometimes by county.

: Assuming proper service to junior lienholders, if a foreclosure was to occur and the junior did not bid, they would be wiped from title allowing you to purchase from the "owner-financier" without having to be concerned about junior(home-improvement) loans.

: A little more information would help to provide a more complete answer.


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