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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Let your title company in at this point.. Posted by Ward-CA- on July 23, 2003 at 6:24 PM In Reply to: deed of trust incorrect posted by gcastro on July 23, 2003 at 4:51 PM : Ward, I need your experience on this one. : I just bought a property subject-to, and have recorded my deed on the courthouse. Here is the problem. I am about to pay the reeinstatement figure, as well as pay of the 2nd deed of trust recorded againt the proprty. But after researching the hall of records, I realized that the deed of trust is incorrect,it shows Maria Lopez(person who sold it to me)as the beneficiary, and the beneficiary (Olga Rios)as the Trustee. Either on pourpose or accidentaly. Anyways, the person who claims to be the beneficiary (Olga Rios) attemted to correct such document by recording another document that does not make much sence. It states that Maria Lopez is the Trustee, not trustor and that Olga Rios is the beneficiary. Honestly I don't know who is telling the truth. But Maria Lopez did sign the promissory note in the borrower section. So I don't know who to pay. : 1) What would you do? : 2)Should I talk to someone at the Court House or a Title Officer? : 3)Should I disregard the deed of trust? =-=-=-==-=-=-=- Gonzalo, #1 & #2. Go to your title company and tell them you want to pay them to oversee and coordinate the payoff of the 2nd trust deed and see to it that a proper reconveyance is recorded as a consequence. #3. Never disregard a recorded document. Once this one is paid off, make sure that a reconveyance evidencing the payoff is recorded, and comes to you afterward for your files. Hope this helps. Follow Ups: Re: Let your title company in at this point.. gcastro 5:56 PM, 07/24/03 (1) Make this deal happen - find Maria Ward-CA- 7:58 PM, 07/24/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : Ward, I need your experience on this one. : : I just bought a property subject-to, and have recorded my deed on the courthouse. Here is the problem. I am about to pay the reeinstatement figure, as well as pay of the 2nd deed of trust recorded againt the proprty. But after researching the hall of records, I realized that the deed of trust is incorrect,it shows Maria Lopez(person who sold it to me)as the beneficiary, and the beneficiary (Olga Rios)as the Trustee. Either on pourpose or accidentaly. Anyways, the person who claims to be the beneficiary (Olga Rios) attemted to correct such document by recording another document that does not make much sence. It states that Maria Lopez is the Trustee, not trustor and that Olga Rios is the beneficiary. Honestly I don't know who is telling the truth. But Maria Lopez did sign the promissory note in the borrower section. So I don't know who to pay. : : 1) What would you do? : : 2)Should I talk to someone at the Court House or a Title Officer? : : 3)Should I disregard the deed of trust? : =-=-=-==-=-=-=- : Gonzalo, : #1 & #2. Go to your title company and tell them you want to pay them to oversee and coordinate the payoff of the 2nd trust deed and see to it that a proper reconveyance is recorded as a consequence. : #3. Never disregard a recorded document. Once this one is paid off, make sure that a reconveyance evidencing the payoff is recorded, and comes to you afterward for your files. : Hope this helps. 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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