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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Have to find FITE Posted by Ward-CA- on September 19, 2001 at 6:03 PM In Reply to: Buying defaulted junior notes? posted by Rick on September 19, 2001 at 10:41 AM : Ward, : I was doing title research on a JBB prospect and found that shortly after the 1st filed a NOD the 2nd filed one also. Is this a dead deal, or is it possible to buy out this 2nd, reinstate the 1st, and then continue the foreclosure process they already started? : Another question regarding title research came up. If title to a property is transfered as a gift via a Grant Deed with a document transfer tax of zero, and the Grant Deed is immediately followed by a trust deed with a institutional lender, and there is a titile order number and and escrow number, would this constitiute a free and clear property? Or should I continue searching back in time for a Grant Deed that was computed at full value before proceeding forward with my search? =•=•=•=•=•=•=•=•=•=•==•=• Rick, you can only come to a reliable conclusion of “free and clear” when you have found all elements of FITE, without any exceptions. Follow Ups: Re: Have to find FITE NJDave 4:17 PM, 09/20/01 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : Ward, : : I was doing title research on a JBB prospect and found that shortly after the 1st filed a NOD the 2nd filed one also. Is this a dead deal, or is it possible to buy out this 2nd, reinstate the 1st, and then continue the foreclosure process they already started? : : Another question regarding title research came up. If title to a property is transfered as a gift via a Grant Deed with a document transfer tax of zero, and the Grant Deed is immediately followed by a trust deed with a institutional lender, and there is a titile order number and and escrow number, would this constitiute a free and clear property? Or should I continue searching back in time for a Grant Deed that was computed at full value before proceeding forward with my search? : =•=•=•=•=•=•=•=•=•=•==•=• : Rick, you can only come to a reliable conclusion of “free and clear” when you have found all elements of FITE, without any exceptions. 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

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