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Posted by Nick(Colorado) on August 28, 2002 at 14:09:55:
In Reply to: Re: second mortgage sold at an auction posted by andrea on August 27, 2002 at 15:31:12:
Andrea:
First: Physically go done to the trustee's office and look at
the file. They will ask who you are, but as your name should be
at the top of the file, there will be no problem. Check the
addresses for the "parties of interest" and the property description
for accuracy. Your name, occupent, and the various lien holders
should all be there.
Sometimes a bank will move a note into a special trust when
that note stops performing. This may be what the service rep for
your loan was indicating. If you are interested, get the name of
the entity that purchased the note. If it is something like
"Bankers Trust Corp ..." then this is a home for defaulted notes.
Second: Physically go done to the clerk and recorders office
and print out the first page of all of the instruments that
relate to the your property. (following in date from your original
purchase) Who is the grantor and grantee on the trustee's deed?
>Neither one of use new of the auction.
They may have gotten your address wrong. Generally this is not
a reason to set aside an auction. I believe that Nevada is a
public notification state. The auctions will be posted in a local
county paper. If you where not in violation of your loan agrement,
that is another story, and the sale can/will be set aside.
