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Re: Is this normal?

Posted by 427 on July 06, 2011 at 11:41 PM

In Reply to: Is this normal? posted by Bill M on July 06, 2011 at 8:51 PM

My thinking is that if an assigment of a trust deed means to move the trust deed from one beneficiary to another beneficiary, then wells fargo would no longer be the beneficiary, Fed Home Loan is. The trustee can only act according to what the trust deed states so if what you said was true Wells Fargo could not foreclose but Fed Home Loan could. If Wells Fargo is the one that foreclosed, then the assignment of trust deed didnt take place. I am just thinking outloud as I am trying to figure this out too.

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