This board's uniqueness is that it is a foreclosure discussion board, not a foreclosure bulletin board. To maintain our uniqueness, we will remove promotional ads, want ads, or anything else not germane to the subject of foreclosure. <P>NOTE POSTING ETIQUETTE: Name-calling, personal attacks, spamming, excessive self-promotion, general assiness, and destructive (versus constructive) criticism will get your post removed. Thanks. http://www.foreclosureforum.com/board/index.php Tue, 14 Apr 2026 19:56:10 -0700 Phorum 5.2.15a http://www.foreclosureforum.com/board/read.php?2,2506,2506#msg-2506 http://www.foreclosureforum.com/board/read.php?2,2506,2506#msg-2506
Here is the scenario:

1. A pastor and his wife own a property in a living trust, "John Smith & Carol Smith, trustees of the Smith Family trust, dated 10/25/2000."
2. On 9/14/18, they transfer title to a different trust, "John Smith & Carol Smith, trustees of the Majestic Trust, dated 10/25/2000."
3. The property is then refinanced on 10/12/18, by 'Majestic Trust'.
4. The property is then transferred back over to the 'Smith Family Trust' on 10/27/18.
5. I assume that both trusts were created on the same day in order to work together to achieve some purpose.

What just happened? Why the quick transfer out and then back in the family trust?
How could the fact that he's a pastor as opposed to anyone else change why he's doing it this way?
If the wife is not a pastor, does that change anything?
Could the property really be owned by the church? Could this be a way to funnel money to the pastor and not pay taxes on it?

[www.churchlawandtax.com]]]> EddieF Foreclosure Forum Thu, 14 Nov 2024 19:31:30 -0800 http://www.foreclosureforum.com/board/read.php?2,2505,2505#msg-2505 http://www.foreclosureforum.com/board/read.php?2,2505,2505#msg-2505 scinv Foreclosure Forum Tue, 31 Oct 2023 16:25:15 -0700 http://www.foreclosureforum.com/board/read.php?2,2504,2504#msg-2504 http://www.foreclosureforum.com/board/read.php?2,2504,2504#msg-2504 Not sure if this is legal or what to do?]]> Mb2023 Foreclosure Forum Fri, 15 Dec 2023 16:51:22 -0800 http://www.foreclosureforum.com/board/read.php?2,2503,2503#msg-2503 http://www.foreclosureforum.com/board/read.php?2,2503,2503#msg-2503
The problem with this is the fact that our client lead us to become whistleblowers.
Most lawyers and court officials know about the fraud. There are the innocent people that do not have the knowledge that the way it’s setup and issued has many problems. Predatory practices and corruption tactics. So most people don’t know they’re not the owner but a tenant of their property. Due to all of the deceptive behavior and practices. The so called owner of house is labeled the deed as a tenant. Mortgage is not the only way to get a home. There are blockages and hidden codes and statutes that states. The first home should be free. As soon as this was shown to be true. The organization removed the information from our eyes. The sad part is some people still know this is what is to be true. Due to age and knowledge

If you need assistance with the foreclosure recovery process. You may contact us for a free consultation
Quichelynn PMA
quichelynn.com]]> Quichelynn Foreclosure Forum Mon, 25 Sep 2023 23:51:29 -0700 http://www.foreclosureforum.com/board/read.php?2,2501,2501#msg-2501 http://www.foreclosureforum.com/board/read.php?2,2501,2501#msg-2501 InquisitiveMind Foreclosure Forum Mon, 04 Sep 2023 03:24:14 -0700 http://www.foreclosureforum.com/board/read.php?2,2496,2496#msg-2496 http://www.foreclosureforum.com/board/read.php?2,2496,2496#msg-2496
I funded and recorded a loan as a second TD and I am positioned well considering the total LTV. Payments on my subordinate lien are current and have always been on time. I also regularly monitor the title activity to make sure the first TD is being kept current. The owner has also recently place a third position TD

My concerns/questions are:

1. Should I give formal notice to the first and third TD holders of my lien? Does anybody have a sample of what this notice looks like?
2. Does the primary lien holder have a legal obligation to inform me of default if I don't give them formal notice of my recorded lien?

Thanks so much for any insight given.

James]]> Silverblue59 Foreclosure Forum Sat, 20 Nov 2021 17:21:06 -0800 http://www.foreclosureforum.com/board/read.php?2,2495,2495#msg-2495 http://www.foreclosureforum.com/board/read.php?2,2495,2495#msg-2495
The owner was initially looking to sell for 1.2 million then later mentioned they were open to leasing for monthly payments.

I have the investors with the cash.

The hardest part will be explaining seller financing to the homeowner.

How should I structure the seller financing deal?

I was thinking:

Find an investor to fund the repairs and to provide a down payment for roughly $30,000 to the homeowner.

The homeowner will deed the property over to the investor which will be covered by a promissory note that will guarantee monthly payments for a certain amount of time until the agreed upon amount is paid off.


Am I missing anything]]> usapatriot1 Foreclosure Forum Fri, 17 Sep 2021 14:18:23 -0700 http://www.foreclosureforum.com/board/read.php?2,2487,2487#msg-2487 http://www.foreclosureforum.com/board/read.php?2,2487,2487#msg-2487 Newbie Lauren Foreclosure Forum Tue, 01 Dec 2020 11:55:12 -0800 http://www.foreclosureforum.com/board/read.php?2,2486,2486#msg-2486 http://www.foreclosureforum.com/board/read.php?2,2486,2486#msg-2486 alfbell Foreclosure Forum Wed, 13 Dec 2023 02:52:43 -0800 http://www.foreclosureforum.com/board/read.php?2,2485,2485#msg-2485 http://www.foreclosureforum.com/board/read.php?2,2485,2485#msg-2485
Looking for some mobile/manufactured home experts here. There are some upcoming opportunities at California Trustee Sales to purchase mobile homes.

In the case that these are personal property purchases, rather than real property, what rights would the park have in demanding the mobile home be removed? I would like to purchase, improve, and sell. Do I need to live in the unit while it is on the market?

Many thanks in advance for any advice given...

James]]> Silverblue59 Foreclosure Forum Fri, 28 Feb 2020 10:26:45 -0800 http://www.foreclosureforum.com/board/read.php?2,2484,2484#msg-2484 http://www.foreclosureforum.com/board/read.php?2,2484,2484#msg-2484
I just got back the recorded Affidavit of Death of Trustee from the recorder office in Orange County, Ca. The assessor office called and inquired a copy of death certificate since they cant find it in the database. So I called recorder's office and found out that they did NOT record the death certificate.

The recorded Affidavit of Death of Trustee does have a barcode on top and so it's now a legal document. Does certificate of death need to be recorded ? Thank you for your help

Andrew]]> li2012now Foreclosure Forum Mon, 23 Dec 2019 10:57:22 -0800 http://www.foreclosureforum.com/board/read.php?2,2483,2483#msg-2483 http://www.foreclosureforum.com/board/read.php?2,2483,2483#msg-2483 jyobaccio Foreclosure Forum Tue, 22 Oct 2019 11:08:49 -0700 http://www.foreclosureforum.com/board/read.php?2,2482,2482#msg-2482 http://www.foreclosureforum.com/board/read.php?2,2482,2482#msg-2482 lesliepuli Foreclosure Forum Fri, 21 Oct 2022 11:33:00 -0700 http://www.foreclosureforum.com/board/read.php?2,2481,2481#msg-2481 http://www.foreclosureforum.com/board/read.php?2,2481,2481#msg-2481
I understand that I should be getting the total payoff amount which includes, any liens, back taxes, etc? What repairs are needed to get the house up to market value? Is there anything else I'm missing? Thanks in advance.]]> Cali4niareaming213 Foreclosure Forum Wed, 04 Sep 2019 22:23:52 -0700 http://www.foreclosureforum.com/board/read.php?2,2480,2480#msg-2480 http://www.foreclosureforum.com/board/read.php?2,2480,2480#msg-2480 Jacklambert0511 Foreclosure Forum Mon, 19 Aug 2019 09:55:37 -0700 http://www.foreclosureforum.com/board/read.php?2,2475,2475#msg-2475 http://www.foreclosureforum.com/board/read.php?2,2475,2475#msg-2475 arcgraphix Foreclosure Forum Mon, 11 Mar 2019 11:34:29 -0700 http://www.foreclosureforum.com/board/read.php?2,2472,2472#msg-2472 http://www.foreclosureforum.com/board/read.php?2,2472,2472#msg-2472
This is not a foreclosure question. Thanks for allowing me to post a question on living trust.

My parents placed their personal residence into their living trust, with them being the trustees. With the passing of my father, what document do I need to file with the trust ? Can I find the form on the website here ? I've the certificate of death.

Can you recommend any trust attorney in the OC area ? Thanks very much for any information.

Andrew]]> li2012now Foreclosure Forum Tue, 19 Feb 2019 17:31:57 -0800 http://www.foreclosureforum.com/board/read.php?2,2469,2469#msg-2469 http://www.foreclosureforum.com/board/read.php?2,2469,2469#msg-2469 Learn how to do pre foreclosure or wholesale selling.

I will be in a unique opportunity in my life where
I will have time and space to investigate stuff and connect
seller and buyers using whatever techniques I can learn here by talking.

I like the idea of having to do the footwork without all the liability of
cash ownership to sell a property.

I currently live in Oklahoma in a rural area.
May be moving back to Reno NV where real estate might not be
exactly the best opportunity but has hidden gems maybe.

Please help me move forward the right way. Thank you !]]> KristonJ Foreclosure Forum Mon, 24 Apr 2023 14:05:30 -0700 http://www.foreclosureforum.com/board/read.php?2,2465,2465#msg-2465 http://www.foreclosureforum.com/board/read.php?2,2465,2465#msg-2465
I have a unique situation.. So my parents owned a home where they roughly owed $50K. My dad had a bad stroke and they stopped paying it and it went into foreclosure... My parents have no assets here in the USA. The foreclosure went down in 2011-2012. Needless to say, my parents both have bad credit.

My father has property in another country that we are trying to sell. Long story short.... How do I know if it is possible that if we sell the property that the money can be deposited into a bank account in his name here? He has a bank account here with my mom on it where only his social security goes (he is 77). Once a month my mom withdraws it. Other thank that activity, there is no other activity. He has an account in the other country that the money can be deposite to but I am just wondering how to find out if anything is up with his accounts here. They dont seem to be frozen.

Any help is much appreciated. Thanks!]]> IfAllGoesWrong Foreclosure Forum Fri, 07 Dec 2018 03:20:54 -0800 http://www.foreclosureforum.com/board/read.php?2,2464,2464#msg-2464 http://www.foreclosureforum.com/board/read.php?2,2464,2464#msg-2464 BGormley Foreclosure Forum Thu, 23 Aug 2018 07:40:54 -0700 http://www.foreclosureforum.com/board/read.php?2,2460,2460#msg-2460 http://www.foreclosureforum.com/board/read.php?2,2460,2460#msg-2460 do you also lose your home you own? The loan is currently up to date. Due to divorce, job lay offs and lawyers the new home will be going into foreclosure. This is in Texas.





Thank You]]> bdwillett Foreclosure Forum Tue, 31 Jul 2018 07:39:50 -0700 http://www.foreclosureforum.com/board/read.php?2,2455,2455#msg-2455 http://www.foreclosureforum.com/board/read.php?2,2455,2455#msg-2455
The MTG is at 10%. Our house is worth less than half of what we owe. It's falling apart, and it's time to leave. We contacted SPServicing about a Deed In Liu. They denied that and stated that it would be a foreclosure.

What can I expect as this progresses? How long does something like this take? I'm not afraid to admit that this terrifies me.]]> KillerUT Foreclosure Forum Sat, 21 Jul 2018 17:29:59 -0700 http://www.foreclosureforum.com/board/read.php?2,2452,2452#msg-2452 http://www.foreclosureforum.com/board/read.php?2,2452,2452#msg-2452
I got a check in the mail from the bank for $170 because of an error in reporting something to the IRS.

I wasn't sure if that had anything to do with my debt being cleared on the house but I highly doubt they just forgave my debt since I would still owe them $10,000 ish.

Anyone have even an idea of what would cause the debt to be cleared? It does not say on the site.]]> ADWilliams Foreclosure Forum Sun, 20 May 2018 06:50:36 -0700 http://www.foreclosureforum.com/board/read.php?2,2448,2448#msg-2448 http://www.foreclosureforum.com/board/read.php?2,2448,2448#msg-2448
I'm new to investing and I have some questions about how to wholesale pre-foreclosures. Can someone give me the step by step instructions? Does it matter if an auction date has been set? Please help!]]> deedee9287 Foreclosure Forum Wed, 07 Aug 2019 13:13:58 -0700 http://www.foreclosureforum.com/board/read.php?2,2447,2447#msg-2447 http://www.foreclosureforum.com/board/read.php?2,2447,2447#msg-2447
Thanks
Thomas]]> syncom9 Foreclosure Forum Sat, 21 Jul 2018 17:33:57 -0700 http://www.foreclosureforum.com/board/read.php?2,2446,2446#msg-2446 http://www.foreclosureforum.com/board/read.php?2,2446,2446#msg-2446 bobvee Foreclosure Forum Sun, 11 Feb 2018 08:51:57 -0800 http://www.foreclosureforum.com/board/read.php?2,2445,2445#msg-2445 http://www.foreclosureforum.com/board/read.php?2,2445,2445#msg-2445 FLFam Foreclosure Forum Sat, 21 Jul 2018 17:35:41 -0700 http://www.foreclosureforum.com/board/read.php?2,2444,2444#msg-2444 http://www.foreclosureforum.com/board/read.php?2,2444,2444#msg-2444 OC_Larry Foreclosure Forum Thu, 21 Dec 2017 10:30:58 -0800 http://www.foreclosureforum.com/board/read.php?2,2442,2442#msg-2442 http://www.foreclosureforum.com/board/read.php?2,2442,2442#msg-2442
I want to buy this house before a tax auction, potentially thru a quitclaim. How?

I want to confirm the bank has no interest, do I ask the prior owner to call the bank and give authorization to speak with me about it or is there another way as he probably won’t? The discharge of mortgage is recorded with the county.

The spouse is nowhere to be found, how do I work around this?

What are the steps I need to take to buy this eyesore for our neighborhood?


If there is a thread that explains some or this whole situation, I appreciate the heads up!]]> Iwannabuy Foreclosure Forum Sat, 04 Nov 2017 06:24:33 -0700 http://www.foreclosureforum.com/board/read.php?2,2425,2425#msg-2425 http://www.foreclosureforum.com/board/read.php?2,2425,2425#msg-2425 applebeeble Foreclosure Forum Thu, 28 Sep 2017 20:28:55 -0700