Re: HELP, am I still the owner?
Posted by Nick(Colorado) on July 07, 2003 at 17:03:21:
In Reply to: HELP, am I still the owner? posted by gloria on July 07, 2003 at 16:05:48:
Gloria:
When the second TD foreclosed, either the entity doing the foreclosed or a third party from auction should have become the new owner of the property in question. This new ownerwill receive a trustee's deed, and this document must be recorded. You should do a chain of title search down at the county recorder's office to see what really happened. Assumingthat neither the new owner, or yourself payed on the firstTD, I think that 10 years is a long time. Some states have statues that will limit the ability of a holder of a TD toforeclosure, or persue monies, based on the note going stale.Basicly I would tell the bank to foreclosure, if they stillhave a valid lien.
