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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] trustee sale Posted by mary on April 08, 2008 at 2:07 PM I am thinking about purchasing at a trustee sale in California. The first is foreclosing, leaving about 240,000 for the second, a Heloc, to lose- unless they bid. The owners declared chapter 7 bankrupcy thus delaying the sale - I viewed the bankrupcy documents and didn't see any suprises. I've checked at county's recorder office, (seemed pretty simple- only 1 buyer to trace as house is new in 05)checked on back property taxes, and viewed the home. I called a local title co, they said they could not issue title insurance because they cant be sure the second was notified, but they could do a lenders policy if I refinanced later. I figured i'd check that the trustee has trustee sale guarantee to be sure they did notify the second. Am I missing anything- any thing I am skipping? Follow Ups: Re: trustee sale Mary 9:48 PM, 04/09/08 (0) Get second opinions Tom 7:03 AM, 04/09/08 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : I am thinking about purchasing at a trustee sale in California. The first is foreclosing, leaving about 240,000 for the second, a Heloc, to lose- unless they bid. The owners declared chapter 7 bankrupcy thus delaying the sale - I viewed the bankrupcy documents and didn't see any suprises. I've checked at county's recorder office, (seemed pretty simple- only 1 buyer to trace as house is new in 05)checked on back property taxes, and viewed the home. I called a local title co, they said they could not issue title insurance because they cant be sure the second was notified, but they could do a lenders policy if I refinanced later. I figured i'd check that the trustee has trustee sale guarantee to be sure they did notify the second. Am I missing anything- any thing I am skipping? [ 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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