More details to this question:
I have a first mortgage with Bank 1, bank 2 held a second and foreclosed on the 2nd, selling the property at auction. Bank 1 says that they hold title with me. Who owns the property??
1 ANSWER
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I'd like to help you get to the bottom of this, but I'll need more facts. It is very unusual for a 2nd to foreclose, because the 1st remains after the foreclosure. Bank 1 is named on the first deed of trust, but until they foreclose they are not the "owner."
If you are considering hiring legal counsel to help you with this feel free to call me for a free consultation.
Don Eby
303-688-0944
Answered on May 24th, 2013 at 3:38 PM
Call Don at (303) 688-0944 or email at Reception@RobinsonandHenry.com This information is provided AS IS; and does not create Client Relationship.