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You're the lucky one...

Posted by Ward-CA- on April 09, 2008 at 11:04 PM

In Reply to: Re: Post sale possession routine... posted by hard money lender on April 09, 2008 at 10:51 PM

HML,

No, your case isn't normal. But hey, if it's working...who cares?

Normally the ex-owner isn't aware the property was actually sold until the new owner shows up at his door to inform him of the fact.

However, if I were in your shoes, I'd still wait until I had recorded my trustee's deed before I went out to the property.


-------Ward


==============

: hi ward,

: i have a trustee sale tomorrow, as the lender.

: i have found out that the homeowner was told he needed to vacate, so has been moving for the past 2 weeks.

: i am curious as to who informed him of this.

: i wasnt sure if this was part of the normal foreclosure process, or not.

: i am new to actually taking over properties.

: does the homeowner typically vacate before the trustee sale ?

: the only thing i do know is that a bank held a second on the property.



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