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Updated almost 12 years ago on . Most recent reply

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Brett Synicky
  • Solo 401k and SDIRA Consultant
  • Orange, CA
436
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805
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2nd's drying up?

Brett Synicky
  • Solo 401k and SDIRA Consultant
  • Orange, CA
Posted

I know many of you are into buying delinquent and/or re-performing 2nd trust deeds but isn't that eventually going to dry up since there isn't a bank out there that's offered one since 2008?

  • Brett Synicky
  • Most Popular Reply

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    Matt Devincenzo
    • Investor
    • Clairemont, CA
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    Matt Devincenzo
    • Investor
    • Clairemont, CA
    Replied
    Originally posted by Brett Synicky:
    I know many of you are into buying delinquent and/or re-performing 2nd trust deeds but isn't that eventually going to dry up since there isn't a bank out there that's offered one since 2008?

    I think you're just thinking about 2nds for a DP contribution like was happening back then. There are other scenarios that exist where a 2nd could get recorded. HELOC's are probably one of the most common that regularly occur. So while I could see the supply of NPN 2nds dwindling as foreclosures and equity start to take them out , I doubt you ever see them disappear.

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