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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 (71167)10/6/2006 10:35:49 AM
From: Ramsey Su  Read Replies (1) | Respond to of 110194
 
that would be one of the options.

regardless, a jr lien holder needs to find out what is going on before taking any action on a defaulting borrower.



To: ild who wrote (71167)10/6/2006 12:32:28 PM
From: loantech  Read Replies (1) | Respond to of 110194
 
The first is usually notified if the 2nd is in arrears so the 1st always get foreclosure priority either way. I think. This may not be right?