Re: Title

Posted by Janie on December 04, 2004 at 08:44:22:

In Reply to: Title posted by Adrienne Harrison on December 02, 2004 at 15:08:12:

The party winning the bid at the auction, receives a "Trustee's Deed." It's a legal document that allows the person performing the sale of your home, to transfer title.

The homeowners are not involved and do not need to be involved in any paperwork.

: When purchasing a property through foreclosure who becomes the legal owner of the property? Is it the person who signs the documents at the time of the foreclosure or is it handled the same as any home purchase where both parties (i.e. husband and wife) need to be present at the closing and sign paperwork?

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Comments:
: The party winning the bid at the auction, receives a "Trustee's Deed."  It's a legal document that allows the person performing the sale of your home, to transfer title.

: The homeowners are not involved and do not need to be involved in any paperwork.





: 
: : When purchasing a property through foreclosure who becomes the legal owner of the property? Is it the person who signs the documents at the time of the foreclosure or is it handled the same as any home purchase where both parties (i.e. husband and wife) need to be present at the closing and sign paperwork?


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