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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Make this deal happen - find Maria Posted by Ward-CA- on July 24, 2003 at 7:58 PM In Reply to: Re: Let your title company in at this point.. posted by gcastro on July 24, 2003 at 5:56 PM : Ward, I went to the title company, and they suggested a sub-escrow, to help me with the payoff of the 2nd deed of trust. They said that even tough the deed of trust has the wrong beneficiary, it still holds, since the printed word is what counts. So they told me to find the wrong beneficiary and have them assign their beneficial interest to the real beneficiary. However, since I can't find the wrong beneficiary (Maria Lopez), becouse she has disconected all of her phones and neither I or anybody else, knows her address, I am thinking to go ahead and find a buyer for the property and let the title company worry about fixing the problem when they are in the process of insuring my buyer. In the mean time I save $17,000 (the payoff amount).Would u say this is a good descicion? One thing I do know for sure, and that is: the fact that there is only one true benefiary. =-=-=-=-=-=-=-=-==-=-=-=-=-=-=-=-=- Gonzalo, I think you’ll be making a serious mistake ignoring the advice of the title company. You’ve got to find the wrong beneficiary and have them assign their interest to the right beneficiary. Use the Accurint web site to find Maria Lopez. If you can’t use Accurint for whatever reason give us a call at the office during the day and we’ll see what we can do for you. Just remember, this is your deal not the title company’s. So it’s in your interest to solve the problem, don’t think the title company is going to worry for you and fix everything. I learned long ago that, if something I really need is going to come about, then I’m going to have to make it happen—not anyone else. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Ward, I went to the title company, and they suggested a sub-escrow, to help me with the payoff of the 2nd deed of trust. They said that even tough the deed of trust has the wrong beneficiary, it still holds, since the printed word is what counts. So they told me to find the wrong beneficiary and have them assign their beneficial interest to the real beneficiary. However, since I can't find the wrong beneficiary (Maria Lopez), becouse she has disconected all of her phones and neither I or anybody else, knows her address, I am thinking to go ahead and find a buyer for the property and let the title company worry about fixing the problem when they are in the process of insuring my buyer. In the mean time I save $17,000 (the payoff amount).Would u say this is a good descicion? One thing I do know for sure, and that is: the fact that there is only one true benefiary. : =-=-=-=-=-=-=-=-==-=-=-=-=-=-=-=-=- : Gonzalo, : I think you’ll be making a serious mistake ignoring the advice of the title company. You’ve got to find the wrong beneficiary and have them assign their interest to the right beneficiary. : Use the Accurint web site to find Maria Lopez. If you can’t use Accurint for whatever reason give us a call at the office during the day and we’ll see what we can do for you. : Just remember, this is your deal not the title company’s. So it’s in your interest to solve the problem, don’t think the title company is going to worry for you and fix everything. I learned long ago that, if something I really need is going to come about, then I’m going to have to make it happen—not anyone else. 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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