e**o
发帖数: 5509 | 1 BOULDER CREEK -- Roberta and Randall Strand thought they were getting a
great deal on a foreclosure and helping their daughter and future son-in-law
become homeowners. Instead they are holding a worthless second mortgage.
The home they bought for just under $98,000 and fixed up for $25,000 is
scheduled for a foreclosure auction this afternoon to satisfy a debt of more
than $529,000.
They offered lender Wells Fargo $75,000, but it was to no avail.
Wells Fargo spokeswoman Michele Ashley issued a s |
n******n
发帖数: 12088 | 2 that's the nature of the biz from day 1.
law
more
【在 e**o 的大作中提到】
: BOULDER CREEK -- Roberta and Randall Strand thought they were getting a
: great deal on a foreclosure and helping their daughter and future son-in-law
: become homeowners. Instead they are holding a worthless second mortgage.
: The home they bought for just under $98,000 and fixed up for $25,000 is
: scheduled for a foreclosure auction this afternoon to satisfy a debt of more
: than $529,000.
: They offered lender Wells Fargo $75,000, but it was to no avail.
: Wells Fargo spokeswoman Michele Ashley issued a s
|
t****u
发帖数: 8614 | 3 这个故事很wierd．
买Auction的那个房子，没买Title insurance吗？
Order一个prelim title report,一查First mortgage lien就出来了。
【在 n******n 的大作中提到】
: that's the nature of the biz from day 1.
:
: law
: more
|
C***r
发帖数: 844 | 4 他知道有First mortgage lien；可是由于两个mortgage是同一个公司的，他就假设是
第一个mortgage holder在卖。
可能auction没时间买title insurance，不像REO。
【在 t****u 的大作中提到】
: 这个故事很wierd．
: 买Auction的那个房子，没买Title insurance吗？
: Order一个prelim title report,一查First mortgage lien就出来了。
|
s****s
发帖数: 2163 | 5 显然不是MARKET SALE, 而是去AUCTION了呗。
【在 t****u 的大作中提到】
: 这个故事很wierd．
: 买Auction的那个房子，没买Title insurance吗？
: Order一个prelim title report,一查First mortgage lien就出来了。
|
e**o
发帖数: 5509 | 6 后来也说了，是买主懒，没做够homework。
不过这债务的确重了点。
【在 t****u 的大作中提到】
: 这个故事很wierd．
: 买Auction的那个房子，没买Title insurance吗？
: Order一个prelim title report,一查First mortgage lien就出来了。
|
a***a
发帖数: 974 | 7 好像second lien不能foreclosure啊？只有first lien有权foreclosure。
这里auction=foreclosure吧 |
y*****8
发帖数: 673 | 8 auction 最怕買到second loan 了。誰讓他們貪便宜，又不做homework. |
d*****s
发帖数: 5610 | 9 不过这个明显是银行故意的，你说谁会无聊到买worthless second loan的房子那？明
显就是欺负那些不仔细的投资人。 |
o**p
发帖数: 199 | 10 She saw there were two mortgages, a
first and a second, recorded on the same date with the same lender. She
FIGUREED the lender was auctioning the first and that the second mortgage
would be wiped out. |
