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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Yes and No. Posted by Mikejonesiv on July 09, 2010 at 5:57 PM In Reply to: Re: Yes and No. posted by Mer on July 08, 2010 at 9:11 PM : : I'm not filing bk. But I had to prove and document my income. Someone told me of a scam(but legal way) where they can record the loans one minute after each other and so there's a second deed or something like that. Is that possible or again just the rumor mill? : It would not matter, the intent of both parties (you and the lender) is that both Deeds of Trust are entered into for the purchase of a home. Well the plot thickens. Confirmed with the title company that the money went right from lender into escrow to the seller. They see the loans a's two side by side loans. One recording next to other. There's one record of settlement. With all of that being said it appears that both loans are/were in fact purchase loans. I guess my only worry being in ca is if the 580b doesn't protect me because the 2nd lender is not going to get anything. There won't be even 1.00 after the trustee sale for the second lender. And I just didn't want them to be able to say since you are upside down your second loan isn't secured by the property anymore. Ots secured by you personally. I don't want to get sued. IRS scary. I think I'm. Protected but I don't want want to mess up. I don't want to file bk Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : : I'm not filing bk. But I had to prove and document my income. Someone told me of a scam(but legal way) where they can record the loans one minute after each other and so there's a second deed or something like that. Is that possible or again just the rumor mill? : : It would not matter, the intent of both parties (you and the lender) is that both Deeds of Trust are entered into for the purchase of a home. : Well the plot thickens. Confirmed with the title company that the money went right from lender into escrow to the seller. They see the loans a's two side by side loans. One recording next to other. There's one record of settlement. With all of that being said it appears that both loans are/were in fact purchase loans. I guess my only worry being in ca is if the 580b doesn't protect me because the 2nd lender is not going to get anything. There won't be even 1.00 after the trustee sale for the second lender. And I just didn't want them to be able to say since you are upside down your second loan isn't secured by the property anymore. Ots secured by you personally. I don't want to get sued. IRS scary. I think I'm. Protected but I don't want want to mess up. I don't want to file bk [ 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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