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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (48476)12/30/2005 2:22:03 PM
From: Ramsey Su  Read Replies (1) | Respond to of 110194
 
I don't know when exactly a claim is filed but that usually have no impact on the foreclosure in process.

I believe the MI company has the option of paying the claim in full and then taking over the beneficiary's position, obviously counting on the assumption that they can foreclose or somehow recover more than the servicer could.



To: ild who wrote (48476)12/30/2005 3:26:00 PM
From: loantech  Respond to of 110194
 
Notice of defaults are filed before foreclosure. Foreclosure takes at least 120 days down I believe. But most lenders have lent so much after the lawyer and foreclosure sale there is nothing left in the bag for the lender so they are pushing work outs and forebearance....Maybe foreclosure after 180 days down......

You getting your money ready to snatch some up? LOL.


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