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What State?

Posted by Rick Harmon on July 07, 2011 at 9:39 PM

In Reply to: A valid sale? posted by Bill M on July 07, 2011 at 1:35 PM

In CA, I wouldn't have an issue with the fact that the foreclosing bene didn't record until just before the sale. Not aware of anything in the code that would prohibit it, either. I've even recorded my assignment along with and on top of my TDUS.

Now, as to how Freddie operates, that's a policy issue. Sometimes the servicer (i.e., Wells in this case) has a piece of the beneficial interest in the TD that contractually makes doing things in this matter best for them, allbeit peculiar to an outsider. The one who will sign your Deed should be the Trustee, if you buy at the t-sale; Freddie only if it's an REO purchase.

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