Re: CA Foreclosure process
Posted by Paul on September 29, 2008 at 10:56:31:
In Reply to: Re: CA Foreclosure process
Posted by Jerry - Ca. on September 29, 2008 at 10:25:12: Re-read my post!!!
I said I didn't see any disclosures on your site regarding foreclosures in CA.
Quote from YOUR site >> We will buy your property "subject to" the existing loans. We then guarantee that timely monthly loan payments are made on your accounts by placing reserve money into a "contingency fund" deposited with and under the auspices of a neutral, third-party,
non-profit, Corporate Trustee! <<<
It goes on to say >>You will have to leave all or part of you equity where it is now ... secured in your
property ... until we can refinance or sell the property in the future.<<
Above this message was >>>
>>Do you need to sell your house FAST due to:
Behind in Payments
Facing Foreclosure/Default
Higher Loan Payments ... Adjusted Loan Rate
Little or No Equity / Over-Encumbered Property
Bought New Home ... Old One Vacant<<
======
That page alone requires "DISCLOSURES."
In CA. anyone in the foreclosure process meaning default MUST receive the required notices!!!
In terms of any mention of "EQUITY" in my post was from the actual LAW. They were "quotes."
I didn't insinuate anything. That is the letter of the law. I gave you the laws, look them up!!!
Follow Ups:
- Re: CA Foreclosure process - Jerry - Ca. 14:27:33 09/29/08
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- Re: CA Foreclosure process - Paul 12:41:29 09/29/08
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