Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (108963)	2/25/2010 3:25:32 PM
From: rich evans	of 116555

The easy answer is to pay the taxes, insurance, maintenance and salary expenses and give the remainder to the bank. The bank can then decide what to do. Their normal recourse would be to appoint a receiver under the Calif Receivership statute, but since the owner is acting like a receiver in good faith, they probably will not take any action and work with the owner to redo the mortgage debt. rich

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