suburbantim
2008-02-21 19:30
I have a potential deal where the homeowner went into foreclosure through (they claim) some misunderstanding about the payment being reiceved, etc, etc. Will Washington Mutual forego the legal fees and just reinstate the mortgage for back payments and interest if I get authorization from the homeowner and talk to their loss mitigator? Ideally, I'd like to get the mortgage reinstated and buy the project subject to the mortage.
There's a nice spread.