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Re: Hey Rod Ciferri

Posted by 427 on August 03, 2011 at 1:43 PM

In Reply to: Re: Hey Rod Ciferri posted by Darryle-Ca on August 03, 2011 at 11:08 AM

It does, pretty funny too. I am not going to bother tryin go follow that trail yet as I am still working on the one below. I cant get the sequence to workout. If anyone wants to correct the actions and sequence please go ahead

Person A with Bank A, Note A, Trust Deed A, Trustee A, Grant Deed (B to A) ,Escrow AB, Title AB

Is going to buy Property owned by..

Person B with Bank B, Note B, Trust Deed B, Trustee B, Grant Deed (Prev to B), Reconvenaynce Deed B,Escrow AB and Title AB

If #1 is the earliest time period and higher numbers occur later in sequence, In what order do the movement of deeds and liens need to take place?

For example-
#1 Person A signs loan docs and Note A and Trust Deed A and gives to Escrow

#3 Bank A gives money to Escrow

#4 Bank B gives Note B and Reconveyance Deed B to Escrow

#5 Trustee B gives Trust Deed B to Escrow

#6 Person B gives Grant Deed (B to A) to Escrow

#7 Escrow gives money to Bank B. Bank B leaves picture and goes surfing. At the same time, Escrow gives Trustee A the Trust Deed A and Bank A the Note A

#8 Escrow gives Person B Note B, Trust Deed B and Reconveyance Deed B. Person B leaves and also goes surfing.

#9 Title AB records Trust Deed A, Grant Deed (B to A)

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