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All Forum Posts by: Todd Ryan

Todd Ryan has started 1 posts and replied 4 times.

Foreclosures

Post: Purchasing a second mortgage in foreclosure

Todd RyanPosted
  • Portland, OR
  • Posts 4
  • Votes 0

@Ron S. Thank you!!

0 Votes
Foreclosures

Post: Purchasing a second mortgage in foreclosure

Todd RyanPosted
  • Portland, OR
  • Posts 4
  • Votes 0

@Marco Bario. I appreciate your reply. So the risk is that the lender could ask that the borrower pay the 1st in full if I were to buy the 2nd? If so, does that mean it would go to foreclosure on the 1st if the borrower doesn’t pay right away? I’m new to the game...

0 Votes
Foreclosures

Post: Purchasing a second mortgage in foreclosure

Todd RyanPosted
  • Portland, OR
  • Posts 4
  • Votes 0

I’m researching properties and found a nice duplex that is going into foreclosure. After a few phone calls I found out that the foreclosure is for a private money 2nd position lien. Is there any advantage to buying this note? As of now,it looks like the 1st is solid and not going into foreclosure.

Thanks

0 Votes
Buying & Selling Real Estate

Post: Possible to buy a Foreclosure before Listing/Auction?

Todd RyanPosted
  • Portland, OR
  • Posts 4
  • Votes 0

@William H. Did you ever get a response on this?

0 Votes