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Simple Notification Ques.

Posted by Chris on December 17, 2003 at 7:24 AM

Ward wrote a few months back,
"Yes, a winning foreclosure bidder has recourse against a trustee who failed to notify a junior lienor whose lien is against the title of the foreclosed property. Lack of notification doesn't happen too often. It is usually discovered by the title company that is issuing a title policy to a third party buying the property about 6 months later."

A couple quick questions:

1) What is the mechanism of notice - is it by a certified letter, or by publishing a notice in the paper or both?

2) If you're planning on bidding, how do you find out if the junior lienholders have been notified?

3) And how would title find out about it later on - do they contact the lienholder at that time?

Thanks!


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