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Updated over 1 year ago on . Most recent reply

Jon Robinson's profile image
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Jon Robinson
  • Contractor
  • from Abington, PA
  • Member since Aug 25, 2010
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Jon Robinson's profile image
Jon Robinson's profile image
Jon Robinson
  • Contractor
  • from Abington, PA
  • Member since Aug 25, 2010
Connect
Jon Robinson
  • Contractor
  • Abington, PA
7
Votes |
29
Posts
Foreclosures

Working with LoanDepot on a Pre-Foreclosure

Jon Robinson
  • Contractor
  • Abington, PA
Posted

Has anyone ever worked with LoanDepot to get a loan reinstated on a pre-fore property? I am looking at a deal right now and it seems as though they have about $25k in arrears/fees, this is just an assumption according to the original loan amount and the current unpaid balance that was recorded with the notice of trustee sale. Any advice would be greatly appreciated. Thank you.

Philadelphia, Pennsylvania
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Account Closed's profile image
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Account Closed
  • Investor
  • from Scottsdale Austin Tuktoyaktuk
  • Member since Jun 15, 2021
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Account Closed
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  • from Scottsdale Austin Tuktoyaktuk
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Account Closed
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  • Scottsdale Austin Tuktoyaktuk
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Account Closed
  • Investor
  • Scottsdale Austin Tuktoyaktuk
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Quote from @Jon Robinson:

Has anyone ever worked with LoanDepot to get a loan reinstated on a pre-fore property? I am looking at a deal right now and it seems as though they have about $25k in arrears/fees, this is just an assumption according to the original loan amount and the current unpaid balance that was recorded with the notice of trustee sale. Any advice would be greatly appreciated. Thank you.

You have to have the seller contact their lender for a "reinstatement amount" for a given date.
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