Re: HELP, am I still the owner?

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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 owner
will 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. Assuming
that neither the new owner, or yourself payed on the first
TD, I think that 10 years is a long time. Some states have
statues that will limit the ability of a holder of a TD to
foreclosure, or persue monies, based on the note going stale.
Basicly I would tell the bank to foreclosure, if they still
have a valid lien.

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Comments:




: 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 owner


: will 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. Assuming


: that neither the new owner, or yourself payed on the first


: TD, I think that 10 years is a long time. Some states have 


: statues that will limit the ability of a holder of a TD to


: foreclosure, or persue monies, based on the note going stale.


: Basicly I would tell the bank to foreclosure, if they still


: have a valid lien.








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