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  #1  
Old 11-20-2008, 05:02 PM
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short sale or loan modification?

What is the name of your state (only U.S. law)? CA


Is it common practice for lenders to postpone foreclosure auctions and pay past and future property taxes because they are considering a short sale?

Is it more likely that the postponement and payment of past and future property taxes occurred in the context of a loan modification or partial reinstatement?What is the name of your state (only U.S. law)?
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Old 11-20-2008, 05:23 PM
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Quote:
Originally Posted by mtpockets View Post
...

Is it common practice for lenders to postpone foreclosure auctions and pay past and future property taxes because they are considering a short sale?

Is it more likely that the postponement and payment of past and future property taxes occurred in the context of a loan modification or partial reinstatement?

...


What did the lender say when you asked your questions?
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Old 11-20-2008, 07:57 PM
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Lender

They refuse to talk to me.
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Old 11-20-2008, 10:51 PM
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I am not the owner/borrower

I am trying to verify information that is being given to me.

If lenders routinely pay property taxes on properties going into foreclosure, then the transaction means nothing. However, if they do so only under certain circumstances, the transaction may be an indication of what is going on.

I see from other posts that lenders pay property taxes on REO's. It seems odd that they would pay property taxes before they are legally obligated to do so.
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Old 11-24-2008, 02:13 PM
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Does it vary from state to state and bank to bank?

Does it vary from state to state and bank to bank?
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