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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] SomeTHING is wrong with TS, but not sure Posted by Rick, the Probate Guy on April 18, 2009 at 8:55 PM In Reply to: re: somewhere is wrong with TS, but not sure posted by Skimmer on April 18, 2009 at 6:27 PM 2004 was a frantic time for real estate vendors, especially title companies. Can you imagine the possibility that a 19 yearold, gum chewing, chain-smoking, cellphone addict title company staffer might have missed picking up the $300K loan from 1990? Did you reverse engineer the deal, review the old TD's, read the documents, determine if the $300K was a HELOC, etc.? Hear's another clue: Maybe the 1990 TD lender was paid off, but only partially, and let the TD ripen. Maybe a smart 3rd party TD buyer got it in a package of seasoned loans, spotted the opportunity, and went forward. I'm betting something like the latter happened because they waited so long to file an NOD (if they were supposedly paid off when the 2004 loans when on the property, why did it take five years for 1990 TD to wake up? I'm betting someone took the title training, saw the chance, and foreclosed on it. Out of curiousity, when was the last time the 1990 loan was assigned? MERS? Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : 2004 was a frantic time for real estate vendors, especially title companies. Can you imagine the possibility that a 19 yearold, gum chewing, chain-smoking, cellphone addict title company staffer might have missed picking up the $300K loan from 1990? : Did you reverse engineer the deal, review the old TD's, read the documents, determine if the $300K was a HELOC, etc.? : Hear's another clue: Maybe the 1990 TD lender was paid off, but only partially, and let the TD ripen. Maybe a smart 3rd party TD buyer got it in a package of seasoned loans, spotted the opportunity, and went forward. I'm betting something like the latter happened because they waited so long to file an NOD (if they were supposedly paid off when the 2004 loans when on the property, why did it take five years for 1990 TD to wake up? I'm betting someone took the title training, saw the chance, and foreclosed on it. : Out of curiousity, when was the last time the 1990 loan was assigned? MERS? [ 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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