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Updated over 4 years ago on . Most recent reply

User Stats

53
Posts
3
Votes
Matt Pfefferlen
  • santa monica, ca
3
Votes |
53
Posts

Buying Foreclosure (piecing together from BK filing)

Matt Pfefferlen
  • santa monica, ca
Posted

I am a little confused on this, so i am wondering if anyone has seen this before.  The notice of sale is out on a home I am interested in.   From reading the BK filings, I am pretty sure there is only a first mortgage (I can't access county records now).  The BK plan showed $1M secured with $0.8M in mortgage ongoing and $0.2M in arrearage.   The NOS was just for the $0.8M.  However, I am pretty certain the $0.2M of arrearage is from the first mortgage so i am not sure why the NOS is for only $0.8M.  Any thoughts?

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