The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: JBTFD who wrote (14754)	11/1/2003 8:47:57 PM
From: David Jones	Read Replies (1) of 306849

Yes got to be ready to take the first if foreclosure becomes an issue. I'd only be interest in balloon seconds, three to five year. That's all I've had experience with but always on the paying end. I know they can be fishy, hell one of mine was. I was assuming a first from the target property and getting a five year balloon on the same. All the while getting a second on an existing to cover my shortfall. There may have been some lying going on with the paper flying back and forth. I don't expect an environment to support seconds for some time. Not until down payments become the issue again. Thank you Mark and you Tradelite for your input.

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