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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] That's why second lienholders should foreclose Posted by Tom on December 28, 2007 at 8:28 AM In Reply to: Your post should be stickied as to what can happen when you don't get trained first. posted by JK (the other JK) on December 27, 2007 at 12:13 AM "If I were the Second Holder, I'd send you a box of chocolates to say thanks." This is the best argument why second lienholders should foreclose when in doubt. This one successful second foreclosure will pay for dozens and dozens of future foreclosures where there is little if any equity position. Particularily in this market, you never know when some wannabe investor will do something that shall we say is "ill-advised." I swear the hysteria of wannabe investors now is as bad as it was during the RE bubble. Same type of personality - just the other side of the coin. One thing I learned during the bubble is that how many people think buying RE is soooo easy. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : "If I were the Second Holder, I'd send you a box of chocolates to say thanks." : This is the best argument why second lienholders should foreclose when in doubt. : This one successful second foreclosure will pay for dozens and dozens of future foreclosures where there is little if any equity position. Particularily in this market, you never know when some wannabe investor will do something that shall we say is "ill-advised." I swear the hysteria of wannabe investors now is as bad as it was during the RE bubble. Same type of personality - just the other side of the coin. One thing I learned during the bubble is that how many people think buying RE is soooo easy. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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