InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Foreclosure Fundamentals Code References 50 State Foreclosure Basics Foreclosure Glossary Foreclosure Statistics 70+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map About Us Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] One of a score or more... Posted by Ward-CA- on April 21, 2008 at 11:17 AM In Reply to: Anyone heard of National Investment Corporation? posted by ed on April 20, 2008 at 10:39 AM Ed, Switching property ownership around during a foreclosure has no appreciable impact on the progress of the foreclosure unless the new owner is in bankruptcy. In that case it will just postpone the ultimate foreclosure sale until the foreclosing lender's request for relief from the automatic stay is granted by the bankruptcy court. Also note that the foreclosure will be conducted in the name of the original borrower/trustor, regardless of any subsequent ownership change. -----Ward ======= : Looks like they claim to be foreclosure specialists. Anyways, a property is going to trustee sale here in cali. After the 1st td filed an NOD the property was grant deeded to national investment corp. I know this happens a lot with people gift or grant deeding property during foreclosure, but how does it affect title? Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Ed, : Switching property ownership around during a foreclosure has no appreciable impact on the progress of the foreclosure unless the new owner is in bankruptcy. : In that case it will just postpone the ultimate foreclosure sale until the foreclosing lender's request for relief from the automatic stay is granted by the bankruptcy court. : Also note that the foreclosure will be conducted in the name of the original borrower/trustor, regardless of any subsequent ownership change. : : -----Ward : : ======= : : Looks like they claim to be foreclosure specialists. Anyways, a property is going to trustee sale here in cali. After the 1st td filed an NOD the property was grant deeded to national investment corp. I know this happens a lot with people gift or grant deeding property during foreclosure, but how does it affect title? [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-2008, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455