InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Foreclosure Codes 50 State Resource Data Foreclosure Glossary Foreclosure Statistics 60+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: SUB TR & RECONVEYANCE Posted by BillH on May 19, 2003 at 7:03 PM In Reply to: SUB TR & RECONVEYANCE posted by Rose on May 18, 2003 at 10:43 AM : I would like to know what do they mean by SUB TR & RECONVEYANCE ? : I saw it at the clerkrecorder files . : at first there is the Grant deed and 2 different deed of trust for 2 companies. : After about a year they have a SUB TR & RECONVEYANCE followed by a Deed of trust for one of the mortgage companies and then only SUB TR & RECONVEYANCE for the other one. : : what does this mean ? Rose: Looks to me like there has been a "Substituiton of Trustee" (SUB TR) and a loan has been satisfied and the lender has filed a Reconveyance. Normal procedures. : Thank you for your help, : Rose Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : I would like to know what do they mean by SUB TR & RECONVEYANCE ? : : I saw it at the clerkrecorder files . : : at first there is the Grant deed and 2 different deed of trust for 2 companies. : : After about a year they have a SUB TR & RECONVEYANCE followed by a Deed of trust for one of the mortgage companies and then only SUB TR & RECONVEYANCE for the other one. : : : : what does this mean ? : : Rose: : Looks to me like there has been a "Substituiton of Trustee" (SUB TR) and a loan has been satisfied and the lender has filed a Reconveyance. Normal procedures. : : Thank you for your help, : : Rose 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

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction.

Copyright © 1997-2003, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455