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Re: Title calamity - TD's recorded in wrong order

December 01, 2011 10:23PM
I witnessed something -- sort of -- similar.

House has 2 liens, with the same bank.

1. 700k
2. 200k

but (2) was recorded first. Property is worth about 900k. Someone bought the second for 200k because it was recorded first.

My thinking is that there was probably some document specifying the position regardless of order of recording. I did not follow up on what happened with this investment. One fellow bidder stated "there is no way that the bank lets him get away with that".

In your case, does the HELOC's trust deed somewhere specify that it shall be junior to the other lien?
Subject Author Views Posted

Title calamity - TD's recorded in wrong order

flipit 4360 December 01, 2011 10:13PM

Re: Title calamity - TD's recorded in wrong order

mikebick 2895 December 01, 2011 10:23PM

Re: Title calamity - TD's recorded in wrong order

flipit 2827 December 01, 2011 10:33PM

Re: Title calamity - TD's recorded in wrong order

mikebick 2971 December 01, 2011 11:28PM

Re: Title calamity - TD's recorded in wrong order

flipit 2979 December 02, 2011 06:52AM

Re: Title calamity - TD's recorded in wrong order

Kristine-CA 2955 December 02, 2011 09:02AM

Re: Title calamity - TD's recorded in wrong order

flipit 2810 December 02, 2011 06:36PM

Re: Title calamity - TD's recorded in wrong order

Kristine-CA 2788 December 02, 2011 07:27PM

Re: Title calamity - TD's recorded in wrong order

flipit 2789 December 02, 2011 08:51PM

Not a problem until it's a problem...

Rick Harmon 2793 December 02, 2011 10:27AM

Re: Not a problem until it's a problem...

flipit 2746 December 02, 2011 06:40PM

Re: Not a problem until it's a problem...

Bill H 2876 December 02, 2011 07:50PM

Say Bill, do you do lunch?

Ward-CA 2793 December 02, 2011 11:53PM

Re: Say Bill, do you do lunch?

Bill H 2936 December 03, 2011 05:26PM



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