InnoVest Resource Management's Foreclosure Forum

Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Foreclosure Codes 50 State Foreclosure Basics Foreclosure Glossary Foreclosure Statistics 60+ Yrs Interest Rates Forms Archived Articles Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] I think you mean "Substitution of Trustee" Posted by Ward-CA- on November 01, 2002 at 4:44 AM In Reply to: Substitute deed posted by Chris on October 31, 2002 at 8:37 PM : Hey Ward, : Could you please explain what the purpose of a "Substitute Deed of Trust" is I see this a lot on properties that I'm researching here in Los Angeles, Ca. : Thank You ====================== Chris, Do me a favor and fax an example to me at 619-283-5455. Cause all I can think of right now is a form call a Substitution of Trustee. If I'm right it's a form that replaces a current trustee on a deed of trust with another. It's commonly used in a foreclosure situation when a beneficiary on a non-performing loan is going to start a foreclosure and prefers a professional foreclosure trustee to process it. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Hey Ward, : : Could you please explain what the purpose of a "Substitute Deed of Trust" is I see this a lot on properties that I'm researching here in Los Angeles, Ca. : : Thank You : ====================== : Chris, : Do me a favor and fax an example to me at 619-283-5455. Cause all I can think of right now is : a form call a Substitution of Trustee. If I'm right it's a form that replaces a current trustee : on a deed of trust with another. It's commonly used in a foreclosure situation when a beneficiary : on a non-performing loan is going to start a foreclosure and prefers a professional foreclosure : trustee to process it. Optional Link URL: Link Title: Optional Image URL: [ 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.

Copyright © 1997-2002, 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