Banks are not expected to be real estate holders and this is discouraged, but some bad portfolios do end up turning to other real estate owned.

Of that 98K, how much should I offer the 2nd mortgage holder to settle it?

The government would make periodic capital injections by buying convertible preferred shares or warrants, ***meaning, we will be paid first if we can not save this thing*** Holders of the companies' common and preferred stock are ``very unlikely to come out of this at all happy,'' and the chief executive officers will be forced out, Frank said.

why is it everytime i come to this site, i get a pop up for a visa charge card?

I plan on having the seller buy me out of my option and collect my fee as a lien holder at closing, have the money wired to my bank account, and never be at the closing.

I am a buy and holder in the Charlotte, NC area.

FWIW, the equity holders of WAMU got hosed and I don't think that's a good precedent.

It's the lien holders that you have to please.

The tenant is under contract with a person or entity who has no obligation to the lien holder...therefore the situation of the loan in default is irrelevant as long as you aren't going to be forced to break the lease due to an impending auction date.So let's say they pay you for 1 month rent...then decide to quit paying.

What are the MN redemption rights for second mortgage holders?