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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Your trustee is on the ball. Posted by Ward-CA- on April 13, 2002 at 8:36 AM In Reply to: NOD Bene posted by Jim on April 12, 2002 at 9:43 AM : I hold a 2nd note (purchased) on Nevada property. My note and the 1st both in default. My trustee recorded my NOD with the original beneficiaries shown as the bene's. My concern is that three months down the line someone will say this was improper NOD and we have to start all over. Should I be concerned? : Thanks, Jim =•=•=•=•=•=•=•=•=•=•= Jim, Your trustee is correct in listing the original beneficiaries on the NOD rather than you, the successor beneficiary. The reason is that the county recorder’s records are accessed alphabetically. Therefore to match a currently recorded NOD with an earlier recorded deed of trust you have to recite in the NOD the original names on that deed of trust, because that’s the only way you can distinguish that deed of trust from any other. So you have nothing to be concerned about. Your trustee is on the ball. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : I hold a 2nd note (purchased) on Nevada property. My note and the 1st both in default. My trustee recorded my NOD with the original beneficiaries shown as the bene's. My concern is that three months down the line someone will say this was improper NOD and we have to start all over. Should I be concerned? : : Thanks, Jim : =•=•=•=•=•=•=•=•=•=•= : Jim, : Your trustee is correct in listing the original beneficiaries on the NOD rather than you, the successor beneficiary. The reason is that the county recorder’s records are accessed alphabetically. Therefore to match a currently recorded NOD with an earlier recorded deed of trust you have to recite in the NOD the original names on that deed of trust, because that’s the only way you can distinguish that deed of trust from any other. : So you have nothing to be concerned about. Your trustee is on the ball. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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