Buying a Trust Deed

Submitted by Mark from CA - 08/13/2010 - 11:19am

Property is a 22 unit very destabilized apartment. Lender has already filed NOD and has property in receivorship. Borrowers don't seem to have other foreclosures or bankruptcies. Lender wants to sell note. Can I use the existing trustee and continue the "already in place" foreclosure process? Or do I need to restart or change Trustees. Any other input is also appreciated. Thanks....

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Comments

Submitted by tom pistole - 08/13/2010 - 3:10pm

You can just step right in the existing trustee can even
do the paperwork its very simple

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