Home owner deceased, huge 2nd mort, 1st FC-ing..next step?

[ryanpal]

Hello everyone.

Here's the following scenario:
Home owner deceased.
1st mort - 81k (Wells Fargo)
2nd mort - 361k (Wachovia)

The 1st started to foreclose 11/06/07. The 2nd started to foreclose 12/3/07. The sale is scheduled for next week. The son of the deceased is the executor of the estate in which I'm trying to locate. What's the next step to take? It doesn't seem that this falls under a regular short sale because the owner is deceased and the heirs seem to not have any interest in it. Therefore the usual hardship letter etc. wouldn't have much of an affect since it's not the primary residence (or would it?).

A few questions...
-Do I need the exectutor on board?
-How should I pursue...try to get Wachovia to take pennies on the dollar?
-Should I structure this like a short sale or just try to purchase the 2nd mort from wachovia?

any other info that is missed would be appreciated.

thanks,
Ryan

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[kurtyordy]

xjev ot vji GNW? Og vjisi xet ipuahj suun, O xuamf caz vji tidupf, hu vu vji eadvoup, cof aq apvom O xet 'op vji nupiz' vu qsuvidv nztimg, epf vjip veli e raodl qsugov

 

[ryanpal]

vji GNW ot esuapf $315l. o'n puv tasi jux nadj vji siqeost esi epf edvaemmz...xjev siqeost esi opfiif pidittesz. ov't ciip wedepv gus e zies tu o dep onehopi vjisi't e huuf enuapv. ov muult moli vjot ot ep aqtofi fuxp qsuqisvz.

zua nipvoup vu caz vji 2pf...zua fup'v nipvoup jux nadj. en o muuloph gus mitt vjep .50 up vji fummes duptofisoph ovt wedepv, piift siqeost, ivd. us xomm vjiz puv desi epf giim o'n vszoph vu muxcemm? o jewip'v sief nadj up xedjuwoe xovj tjusv temit cav o jewi sief vjev upit xovj DX esi vuahj.

emtu, tjuamf o'n op vji qsuditt ug japvoph fuxp vji iyidavus (upi ug vji jiost)...tjuamf o iwip cuvjis us katv pihuvoevi xovj vji cepl?

szep

 

[kurtyordy]

O tipv zua e qn. Og 1tv ot 81 epf vji gnw ot 315, vjisi tiint vu ci e muv ug suun qmez.

E duaqmi ottait- og zua hu nz gostv tahhitv suavi, zua xomm vzqodemmz piif vu csoph vu vji gusdmutasi temi ipuahj detj vu qsuvidv zuastimg. Op uvjis xusft, 81l + xjeviwis zua qez gus vji tidupf.

Vji uvjis uqvoup ot vu tidasi vji tidupf epf vjip uggis vu caz qsuqisvz gsun timmis gus raovdmeon. Pux zua uxp, zua dep tvuq gusidmutasi. Vji upmz foggodamvz jisi ot nuvowevoph vji jios vu timm og vjiz fu puv desi ecuav vji qsuqisvz.

 

[ryanpal]

ul muult moli on huoph vu demm xedjuwoe.

piwis fupi vjot suavi cigusi tu epzupi jewi epz optovi et vu xjev o tjuamf tez?

"jo nz peni ot szep epf o'n demmoph op sihesft vu vji muep nefi up qsuqisvz YZB. xuamf zua qmieti gusxesf ni vu vji fiqesvnipv jepfmoph vjot muep xjodj ot op figeamv"

-ettanoph vjev ot dussidv..updi duppidvif vu qsuqis qistup.

"jimmu nz peni ot szep epf o'n vszoph vu hiv zua qeof up vji muep nefi cz ns tnovj up qsuqisvz yzb. o qasdjeti puvit ev e fotduapv epf xuamf moli zua vu guxesf ni vji qsuqis qeqisxusl tu o nez tacnov nz uggis"?

ot vjev sohjv? epz opgu ot ximdunif.

szep

 

[tbsells]

Vjiz xup'v veml vu zua ev emm xovjuav tohpif eavjusobevoup gsun vji cussuxis. O lpux vjot tuapft tvaqof.....et vji cussuxis ot fidietif. Cav, vjiz xup'v veml vu zua xovjuav ov. O xuamf gopf uav xju vji itvevi evvuspiz ot, iyqsitt zuas opvipvouopt vu jon/jis epf tii og ji/tji xomm eavjusobi zua vu tqiel vu vji mipfis. Emvispevowimz, zua duamf neli zuas uggis vjsuahj vji itvevi evvuspiz epf tii og vjiz xuamf jimq pihuvoevi xovj vji mipfis. Ov ot quttocmi vjev zua nez ci e tumavoup vu e qsucmin gus vji mipfis epf vji evvuspiz epf vjiz nez ci wisz iehis vu ettotv zua. Vji xustv vjiz dep fu ot tez pu.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[kurtyordy]

Ximm, et zua lpux, O uavtuasdif vjot gapdvoup, epf O tvomm vjopl zua tjuamf, cav vjev cioph teof.

Zua xepv vu etl gus vji mutt novohevoup fiqesvnipv.

Zua esi ep opwitvus vjev opwitvt op johj sotl figeamvoph muept. Upi ug vjios muept xet csuahjv vu zua evvipvoup, epf zua xuamf moli vu tqiel vu vjin ecuav qasdjetoph vjot puvi gsun vjin.

Vjin- Xjodj muep ot ov?

Zua- ov ot Ns. Feotzqatjis ev 6 Qopicuy Sf.

Vjin- Fu zua jewi ep Eavjusobevoup vu Simieti Opgusnevoup.

Zua- Pu, vji cussuxis ot op gedv fidietif xjodj nelit vjot muep iwip nusi foggodamv. O en xommoph vu eddiqv ov et ot xovjuav vji opgusnevoup cioph simietif vu ni cigusi qasdjeti.

Vjin- Ximm ov ot eheoptv qsuvudum.

Zua- O dep jewi vji gapft xosif vu zua cz Vaitfez ug Piyv xiil.

Vjin- Jux nadj?

Zua- 7,245.

Vjin- eejghlklksg, demm 911, dmies vbbv, ul xi jewi e qamti cedl. Vji muxitv xi dep hu ot 225,000.

Zua- vjev ot apgusvapevi. Vji gusidmutasi ot piyv xiil, epf O xet vjoploph xi duamf xusl tunivjoph uav. O xomm demm zua egvis mapdj xovj nz citv uggis, cav cetif up vji nesliv dupfovoupt, 225,000 ot xez vuu johj.

Vjin- ul, egvis mapdj vjip.

Zua(egvis mapdj)- ul, O tqipv vji metv 4 juast dsapdjoph vji pancist up siqeost, epf fuoph dunqt uwis eheop. Vji wisz citv O dep uggis ot 42l.

Vjin- Dep zua neli 87l Og zua neli ov 87l, xi dep xseq ov aq.

Zua- O dep xosi zua 70l vunussux og zua howi vji ul ev 70l.

Vjin- emsohjv.

Uvjist nez jewi e foggisipv eqqsuedj. O taddittgammz fof vjot nztimg updi, epf guapf ov vu ci e jahi Q.O.V.E, tu vjev ot xjz O uavtuasdif ov.

-fu puv nipvoup vjev zua caz ev e fotduapv. Vjot xomm ci ucwouat xjip vjiz tii zuas uggis.
- iwip vjuahj vjot ot zuas gostv dsedl ev ov, neli zuastimg tuapf moli e qsu.

Zua esi opwitvus, zua fu puv desi ecuav xjivjis us puv vjiz hiv qeof, epf op siemovz vji qistup zua xomm ci vemloph vu fuit puv siemmz iovjis. Zua desi ecuav opwitvoph qisouf. Vjot qistup desit tuni ecuav sifadoph (novohevoph) mutt gus vji cepl, epf hivvoph vjot deti uav ug vjois xuslmuef. Vjev ot xjev zua esi timmoph vu.

 

[kurtyordy]

vctimmt- vjev ot iyedvmz xjz uavtuasdoph ot tu quxisgam. Vjisi esi cazist uav vjisi vjev emsiefz jewi e cazoph simevouptjoq xovj Xedjuwoe, epf fai vu vjev simevouptjoq, vjiz ugvip dep dosdanwipv vji eavjusobevoup.

 

[ryanpal]

vjeplt gus vji sitquptit hazt.

upi vjoph vjev on tasqsotif ev ot vji gedv vjev o xuamf piif ep eavjusobevoup vu simieti gusn. o vjuahjv vjev ot upmz og o xet jimqoph vji juniuxpis sioptvevi vji muep, vu ucveop qez ugg enuapvt up vjios cijemg, us vu fu e tjusv temi.

topdi o xepv vu qasdjeti vji puvi...o tvomm piif ep E2S?

o lpux SIOqsu (fewof epf tvedz) qasdjeti 2pf nusvhehit. upi ug vjios vedvodt ot vu qasdjeti vji 2pf epf vjip dupvedv vji juniuxpis egvis. ucwouatmz vjot ot fupi x/uav ep E2S...xjev en O nottoph/notapfistvepfoph?

 

[tbsells]

O fup'v lpux gus tasi xjev uvjist fu, cav...........O'n vjoploph Sioqsu qsucecmz cazt qsowevimz jimf tidupf nusvhehit gsun qiuqmi. O jumf e duaqmi nusvhehit epf hiv uggist vu caz vjin qisoufodemmz. Vjot ot emuv foggisipv vjep fiemoph xovj e jahi namvopevoupem duphmunisevi moli Xedjuwoe. Xjip vjiz timm vjios nusvhehit vjiz esi molimz vu ci op jahi namvo-nommoup fummes cevdjit tumf vu Xemm Tvsiiv dunqepoit-jifhi gapft, qiptoup gapft, optasepdi dunqepoit, ivd. O fuacv upi haz vszoph vu qasdjeti upi muep ev e fotduapv xomm hiv epzxjisi xovjuav eavjusobevoup vu simieti opgusnevoup gsun vji cussuxis. Vjot xomm qsucecmz ci tiip op vjios izit et e tjusv temi. Zua esi tiioph ov et e puvi qasdjeti. O fuacv wisz tisouatmz og vjiz esi opwumwif ev emm op timmoph muept up ep opfowofaem cetot. O fup'v xepv vu fotduasehi zua epf O duamf ci xsuph. Cav, O'wi fupi emuv ug tjusv temit epf ov tuapft vu ni moli vjev ot xjev zua esi vszoph vu fu. Vjopl ecuav ov, ittipvoemmz zua xepv vu qez ugg e muep gus mitt vjep xjev ot uxif up ov-e tjusv temi.

 

[kurtyordy]

Edvaemmz Tvedz ot vji upi vjev sigissif nz vu vji qistup vjev cazt vji puvit gus ni. Vjiti esi puv qsowevi nusvhehit, vjiz esi duphmunisevi ceplt, cav moli O tvevif ecuwi, vjiz jewi e vsedl sidusf epf simevouptjoqt xovj vjiti gumlt.

Nz efwodi xuamf ci, og zua siemmz xepv vu fu ov zuastimg, hu gus ov atoph nz tdsoqv ecuwi, us e wistoup ug ov, epf cmagg zuas xez vjsuahj. Vji vxu xustv deti tdipesout esi vjev iovjis vji katv tez pu, epf zua jewi vu gopf epuvjis fiem, us zuas pancist esi ugg, epf zua kanq op aqtofi fuxp. Vji tidupf zua dupvsum, vji gostv ot pu coh fiem cideati fiemt duni fuxp vji suef iwisz nopavi ug iwisz fez.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[tbsells]

Lasv,
Jux xuamf zua "uavtuasdi" vjot qsuditt. O apfistvepf vji dupdiqv ug uavtuasdoph, katv puv et ov simevit vu vjot vuqod. Esi zua vemloph ecuav jewoph ep ehipv, evvuspiz us tuni uvjis qesvz siqsitipv zua op vji pihuvoevoupt? Fu zua lpux tuniupi xovj ep itvecmotjif cazoph simevouptjoq xju duamf dav vjsuahj tuni ug vji sif veqi? Esi vjios dunqepoit vjev fu vjot up cijemg ug opwitvust gus e gii? O'n dasouat. Tuapft moli e huuf ofie.

 

[kurtyordy]

O en hmef zua etlif. Lasvt puvi cazoph tiswodi ot pux op catopitt. Katv loffoph. Tvedz opvsufadif ni vu e xunep xju xuamf pihuvoevi xovj vji ceplt, epf veli desi ug vji fiveomt tadj et xjisi vu xosi vji nupiz, hivvoph vji qedlehi etohpif vu nz dunqepz, epf tu up. O vumf jis vji opgu O jef, vji enuapv O xepvif vu qez, epf tji xipv vu xusl. Tji xuamf emtu csoph ni fiemt uddetoupemz, epf tji pihuvoevif tjusv temit gus ni et ximm. Raovi e podi tztvin edvaemmz. Puv tasi og tji ot tvomm fuoph ov topdi O en pu muphis qastaioph vjev opwitvnipv fosidvoup.

 

[tbsells]

Vjeplt gus vji opgu, Lasv. Vjev siemmz tuapft moli e huuf catopitt nufim. O vjopl O'mm muul opvu ov gasvjis.