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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] HELP! WaMu Short Denied Due To Deed Transfer Posted by Ken on October 23, 2003 at 1:34 PM I've been working for almost 3 months on this short-- hud-1s, BPO, all financials etc. The bank became aware of a deed transfer to trust and asked to see the warranty deed and the trust agreement. I had seller place deed in a land trust via a Warranty Deed to Trustee (my wife's maiden name). However, on a separate exhibit I showed that the beneficial interest remained 100% in the seller's name. (I did not supply the assignment of the interest to me). They sent me this email: ___________________ We regret to inform you, based on the following criteria, we are unable to approve your request for a Presale or Deed-in-Lieu of Foreclosure: Unauthorized transfer of deed. Not acting in good faith. ____________________ I left a message for the bank to call me back. My answer is going to be that I wanted the protect the property from any other liens and judgements while we negotiated the sale so I had the seller place his property in a trust. Any suggestions? HELP! Follow Ups: Re: HELP! WaMu Short Denied Due To Deed Transfer steve 4:45 PM, 10/23/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I've been working for almost 3 months on this short-- hud-1s, BPO, all financials etc. : The bank became aware of a deed transfer to trust and asked to see the warranty deed and the trust agreement. : I had seller place deed in a land trust via a Warranty Deed to Trustee (my wife's maiden name). However, on a separate exhibit I showed that the beneficial interest remained 100% in the seller's name. (I did not supply the assignment of the interest to me). : They sent me this email: : ___________________ : We regret to inform you, based on the following criteria, we are unable to approve your request for a Presale or Deed-in-Lieu of Foreclosure: : Unauthorized transfer of deed. : Not acting in good faith. : ____________________ : I left a message for the bank to call me back. My answer is going to be that I wanted the protect the property from any other liens and judgements while we negotiated the sale so I had the seller place his property in a trust. : Any suggestions? HELP! 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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