When Owner Cures After You've Bought The Note...
So let's say you buy a note from the lender prior to the auction. You are now the foreclosing party. The homeowner then cures the default. Now what? Are they now making payments to you? How would you set this up? Would you sell the note to another lender? Arrrgghh... :-?
Still interested...
You are the lender and they make payments to you. What you do with the loan is up to you. You can sell it or just take payments until it is paid off or refinanced.
Quote:
On 2004-05-03 01:42, adambeal1 wrote:
Still interested...
When you make a post late at night it will often get answered the next day. Remember that we have other lives.
And it was posted over the Convention weekend, so many of our users are down in Florida this weekend.
Roger