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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Speculating Posted by SeanW on February 12, 2004 at 8:01 PM In Reply to: Interesting things in county records for this foreclosure posted by Wayne Wolf on February 11, 2004 at 5:52 PM 1988 recording of 1st 6/8/98 recording of apparent PMM second 6/16/98 recording of bank trust deed 6/24/98 satisfaction of 1st There are a number of ways to speculate about this. But it certainly smells like the mortgagor was trying to refinance in 1998 by whomever would give him the terms to do so. I think the PMM trust deed was a false close. Just b/c something was recorded doesn't mean it's right or that funds were dispersed. That 1st from 1988, probably was not satisfied, until a bank stepped in with "outside money." If the bank's title company had any sense they would have found that recording on 6/8/1998, and gotten some kind of proof from the mortgagee, that only the original 1st was still in effect. Otherwise THEY wouldn't have allowed a closing. I'm more inclined to think that a private party would make a mistake of some kind in the courthouse, than a lender who sends stuff there every day. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : 1988 recording of 1st : 6/8/98 recording of apparent PMM second : 6/16/98 recording of bank trust deed : 6/24/98 satisfaction of 1st : There are a number of ways to speculate about this. But it certainly smells like the mortgagor was trying to refinance in 1998 by whomever would give him the terms to do so. : I think the PMM trust deed was a false close. Just b/c something was recorded doesn't mean it's right or that funds were dispersed. That 1st from 1988, probably was not satisfied, until a bank stepped in with "outside money." If the bank's title company had any sense they would have found that recording on 6/8/1998, and gotten some kind of proof from the mortgagee, that only the original 1st was still in effect. Otherwise THEY wouldn't have allowed a closing. : I'm more inclined to think that a private party would make a mistake of some kind in the courthouse, than a lender who sends stuff there every day. 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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