InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Code References 50 State Resource Data Foreclosure Glossary Foreclosure Statistics 70+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map About Us Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Second Request for Legal Precedent Posted by Bill H on September 30, 2006 at 6:43 PM In Reply to: Legal Precedent posted by Joseph on September 29, 2006 at 6:34 AM : Ward should be able to give you chapter & verse if you want, but lenders usually start the bidding at 70% of the equity after taxes and holding costs because there is legal precedent that the lender is liable for not protecting the homeowner's interest at a lesser %. Joseph, I'd really appreciate your answer concerning the 70% opening bid. Would or could be vry helpful to me. Thanks, Good Luck, Bill H Follow Ups: Bill here's your answer Joseph 7:38 AM, 10/02/06 (3) Re: Bill here's your answer Bill H 5:41 PM, 10/04/06 (2) Zero Average Joseph 6:37 AM, 10/05/06 (1) Re: Zero Average Bill H 8:57 AM, 10/05/06 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : Ward should be able to give you chapter & verse if you want, but lenders usually start the bidding at 70% of the equity after taxes and holding costs because there is legal precedent that the lender is liable for not protecting the homeowner's interest at a lesser %. : Joseph, : I'd really appreciate your answer concerning the 70% opening bid. Would or could be vry helpful to me. : Thanks, : Good Luck, : Bill H Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-2006, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455