Geez Helen, I don't know. What do you think?

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Weird Trustee Sale Question

Posted by chrishuff on March 11, 2004 at 5:56 PM

The following is a trustee sale for Fri. 3/12/4 in the Phoenix area. It stumps me as to what is happening. I am finding several of these a week in the T.D. sales and they cloud the title so I stay away. The #1 below Darin Vanbeck lives in the house and pays the prop. taxes although it shows he bought the hse. 1/30/04 with a $85,900 TD with BNC Mortgage INC. The TD sale is on an owner three sales away.

The trustor shown below is Hooker, Lila L. . Shown
below #4 , she bought the house 8/31/95 with a recorded deed of $49,000.
Then in 7/2002 #3 (below} Thoroughbred buys the house.
Then in 8/2002 #2 {below} buys with no new mortgage.
Then in 1/30/2004 # 1 {below} DARIN buys the house for $85900 but a trustee sale is taking place on
3/12/04 on the Trustor - HOOKER {just below) on the T.D. #4 {below} of
$49,000 dated 8/31/95. What happened here? Was the Hooker TD not paid off. She is seller financing? or maybe hiding ownership thru these various sales?

INST#: 031685435 Status: PD Recd Dt: 12/12/03
Trustor: HOOKER, LILA L Rec Dt: 8/25/95 TS Sale Dt: 3/12/04
Current: HOOKER, LILA L TD Amt: 46421.00 Sale Tm: 14:00 Buyer:
Bnfcry: MIDFIRST BANK TD Num: 950529996 Sale Loc: CH Sale
Price: 0
Trustee: QUALITY LOAN SERVICE CORP

VANBECK DARIN J
2645 E ORANGE ST
TEMPE, AZ 85281-5013
MARICOPA COUNTY

VANBECK DARIN J
2645 E ORANGE ST
TEMPE, AZ 85281-5013

Transaction History
To Deed RecDte Price Down LoanAmt Financing Mortgage Co. Fee#
1. DARIN J VANBECK WD 01/30/2004 $85900 $500 $85900 FM BNC MORTGAGE INC
99960
2. PLATINUM PROPERTIES LLC WD 07/08/2002 $0 $0 $0 NO NEW MORTGAGE
694263
3. THOROUGHBRED INVESTMENTS WD 03/19/2002 $51880 $10000 $10800 CN HOMESTAR
INC 280187
4. LILA L HOOKER WD 08/31/1995 $49000 $1050 $0 950529995




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