Re: possible forclosure


Posted by Nick(Colorado) on August 24, 2007 at 11:28:40:


In Reply to: possible forclosure
Posted by jeff on August 23, 2007 at 16:02:07:

Jeff:

I assume that you hold title to the property subject
to a single lien which was placed by the previous owner.
If this is the case, then your statements, and canceled
checks (or transfers) are proof that you have payed
as required. You can show this information to the
bankruptcy trustee. As for not paying the taxes, you
should start by taking this up with the title company.
There should be a managed escrow account for this. There
is a requirement for the lender (previous owner) to
charge this account.

If you do not hold title to the property, or there is a
series of liens written by the previous owner, then there
are more issues. These other liens may not be getting
payed, in which case they will start to foreclose.


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