|
||||
| | ||||
Posted by andrea on August 27, 2002 at 01:06:28:
In Reply to: Re: second mortgage sold at an auction posted by Nick(Colorado) on August 25, 2002 at 16:31:16:
Thank you for responding -- all of my research has lead me in the
same direction. However, there has been a new development that I
would love to get your thoughts on. Although I cannot substantiate
this information, it is interesting. My attorney (unfortunetly not a
real estate attorney) sent a written request to the lender of on the
second mortage and a letter to real estate law firm that they
assigned the mortage to; requesting information on the default,
notice of sale, and sale date but we have not heard anything back
from them. That was several weeks ago. He also sent a letter to the
manager of the limited partnership which bought it at the auction,
aking he do the same. He has not responded either. So, I phoned the
mortgage lender and asked for the status and recent history of the
loan. The gentleman on the phone was a bit confussed that I was
asking the questions because the notes on the case indicated that
they had been in contact with me throughout the process. Because of
this, he questioned if I was indeed who I said I was, which made him
very reluctant to give too much information. So he suggested that I
submit a request in writing. He did tell me however, that the loan
was not sold at auction that it was sold just before auction. He
wouldn't tell me to whom. I then asked if that would be public
record and if I could obtain it any other place because of the time
sensitive nature of the situation -- he indicated no. I then asked
how somebody would go about purchasing a loan prior to auction. He
responded that it would have been arranged through the person holding
the loan -- me??? I then checked with the county recorder and found
the deed of sale which indicated that he purchased it at auction and
was the highest bidder. Very confused?? Any thoughts you may have I
would truly appreciate. Thank you!!!
