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Re: Suspect Ownership Recording of Deed of Trust

Posted by Mark H. on April 30, 2008 at 4:42 PM

In Reply to: Re: Suspect Ownership Recording of Deed of Trust posted by larrywwww on April 29, 2008 at 6:57 AM

: : : could it be for reasons of qualifying for the loan, to begin with ?

: : Ahhh...yes that could be it. Exactly how, I'm not sure but given the releationship it does suggest so. Thanks.

: another possibility: fractional interest filings are sometimes used
: to try to defeat a foreclosure. (Throw off a fractional interest
: before the sale is complete to a 3rd party.) I'm not suggesting
: that this gambit will necessarily be successful, but I have seen
: it done before. I am also not recommending this as a strategy.

That is also possible - thanks for the insight.




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