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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Assignment of Trust Deed gone bad?? Posted by G.M. on June 10, 2002 at 9:19 AM Last week, I made an offer of $7,000 to purchase a 2nd Trust Deed with $40,000 or so owing. The current holder had not been paid in 3 years and was happy to part with it. I faxed the offer to the beneficiary, he faxed back an acceptance. I then emailed the assignment to him, he printed it out, got it notarized. I told him to overnight the document to my title company and once they verified receipt, I wired $7k to his account. All this happened, and then a week later, the title company got the document back from the recorder's office stating the document was not an original, but a copy. I contacted the guy and told him he needed to send the original down, not a copy. He said ok, and then a day later faxed me stating he is re-considering the offer and wants an extra $3,000 to close the deal. I've tried calling him and I've left messages so that I can speak to him directly but no answer. What can or should I do?? I'm a beginner in this business. I'm pissed at the title company, but I had no contract with them, they were doing it as a favor. Follow Ups: Salvage what you can... Ward-CA- 5:02 PM, 06/10/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Last week, I made an offer of $7,000 to purchase a 2nd Trust Deed with $40,000 or so owing. The current holder had not been paid in 3 years and was happy to part with it. I faxed the offer to the beneficiary, he faxed back an acceptance. I then emailed the assignment to him, he printed it out, got it notarized. I told him to overnight the document to my title company and once they verified receipt, I wired $7k to his account. All this happened, and then a week later, the title company got the document back from the recorder's office stating the document was not an original, but a copy. : I contacted the guy and told him he needed to send the original down, not a copy. He said ok, and then a day later faxed me stating he is re-considering the offer and wants an extra $3,000 to close the deal. I've tried calling him and I've left messages so that I can speak to him directly but no answer. : What can or should I do?? I'm a beginner in this business. : I'm pissed at the title company, but I had no contract with them, they were doing it as a favor. 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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