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  1. 10-30-2009, 11:36 AM #1
    lweinlan
    lweinlan is offline Renter
    Join Date
    Oct 2009
    Posts
    1

    Default 2 NOD on pre-foreclosure

    Hi all,

    I have a question regarding loans on a pre-foreclosure SFR. Please check the following picture.
    It shows the 2 NOD that were recorded for this property (I replaced the owner name by a fictitious one). I am a beginner and try to analyze those 2 NOD. It seemed to me that the owner refinanced (?) in 2004, the original loan was issued in 2002. Two NOD were filled, one in January 2009 in regard to the 2002 loan, and the other in August 2009 in regard to the 2004 loan. Why would 2 NOD be recorded if the owner refinanced in 2004 ? Maybe this second loan is not a refinancing loan??
    Thank you. Any help or comment is appreciated.
    Luke
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