Re;Foreclosure mortgage ASAP ASAP ASAP

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Posted by Juice on June 25, 2003 at 12:21:28:

If a person has a mortgage on a piece of property 12000 and then sells it to the someoneelse for 19000 but only records it as a cash sale deed of 19000 but the first mortgager begin foreclosure procedures on the property then if the second person quitclaim the property to you for $500 if you go ahead and pay off the $12000 balance will the property be yours.Does it matter if in the books it was recorded as a cash sale not a mortgage.The second person must didnt do a proper title search that doesnt mean that I would owe the person that sold them the property the remaining balance on th 19000 after the 12000 has been paid

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: If a person has a mortgage on a piece of property 12000 and then sells it to the someoneelse for 19000 but only records it as a cash sale deed of 19000 but the first mortgager begin foreclosure procedures on the property then if the second person quitclaim the property to you for $500 if you go ahead and pay off the $12000 balance will the property be yours.Does it matter if in the books it was recorded as a cash sale not a mortgage.The second person must didnt do a proper title search that doesnt mean that I would owe the person that sold them the property the remaining balance on th 19000 after the 12000 has been paid








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