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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Not negotiable... Posted by Ward-CA- on February 27, 2004 at 10:40 PM In Reply to: Question about TD posted by jom-CA on February 26, 2004 at 9:27 AM : There is a property I'm researching and along with a trust deed there are a couple of riders. One is a Adjustable Rate rider...no problem there. The other is something called a "1-4 Family Rider". In it there are a couple of things that I'm not sure about: : 1) It says the "Borrowers right to reinstate" is deleted from the original TD : 2) It also says the "Borrowers occupancy" section is also deleted. : I'm guessing this has something to do with the lender knowing the owner will be renting this place out BUT what's with the "right to reinstate" being deleted? What does that mean? : Thanks again, Ward. : jom ============== Jom, I don’t really think a borrower can contracturally waive their Right of Reinstatement which is derived by statute. Follow Ups: OK then.... jom 8:52 AM, 02/28/04 (1) Re: OK then.... jenv 2:30 PM, 03/03/04 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : There is a property I'm researching and along with a trust deed there are a couple of riders. One is a Adjustable Rate rider...no problem there. The other is something called a "1-4 Family Rider". In it there are a couple of things that I'm not sure about: : : 1) It says the "Borrowers right to reinstate" is deleted from the original TD : : 2) It also says the "Borrowers occupancy" section is also deleted. : : I'm guessing this has something to do with the lender knowing the owner will be renting this place out BUT what's with the "right to reinstate" being deleted? What does that mean? : : Thanks again, Ward. : : jom : ============== : Jom, : I don’t really think a borrower can contracturally waive their Right of Reinstatement which is derived by statute. 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

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