InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Annual Reunion 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 ] Re: Serving occupants after trustee sale. Posted by Craig in LA on January 31, 2010 at 7:57 AM In Reply to: Serving occupants after trustee sale. posted by Bob on January 29, 2010 at 7:32 PM : We have always waited until we record TDUS before we serve occupants, however I noticed that FNMA serves day after sale and they state in their initial contact form that they are the new owners. (Confirmed) : Are they correct in stating they are the new owners the day after the sale even though they have not recorded the TDUS. : We could save weeks if we could start the process this quickly. We were concerned that the occupants could challenge the validity of the serving when we are in court and force us to re start the process if we served them prior to recording deed. We defend these all day long against bank REO foreclosures. Wait until after the Trustee's Deed is recorded or you draw a demurrer, which drives up the attorney fees and costs you between 10-15 days in the eviction process. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : We have always waited until we record TDUS before we serve occupants, however I noticed that FNMA serves day after sale and they state in their initial contact form that they are the new owners. (Confirmed) : : Are they correct in stating they are the new owners the day after the sale even though they have not recorded the TDUS. : : We could save weeks if we could start the process this quickly. We were concerned that the occupants could challenge the validity of the serving when we are in court and force us to re start the process if we served them prior to recording deed. : We defend these all day long against bank REO foreclosures. Wait until after the Trustee's Deed is recorded or you draw a demurrer, which drives up the attorney fees and costs you between 10-15 days in the eviction process. [ 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-date("Y"), 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