- This topic has 50 replies, 5 voices, and was last updated 15 years, 7 months ago by
urbanrealtor.
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April 13, 2009 at 4:48 PM #15481April 13, 2009 at 5:39 PM #380264
SD Realtor
ParticipantMy guess is perhaps it did already go through trustee sale. If it is a short sale it is not likely that the bank changed the locks prior to taking title.
A bank cannot change the locks on a home or even touch a home unless they hold title to the home. Maybe I am wrong but this is my understanding. If they did (and I am not an attorney) it would seem like they could be liable for a pretty serious lawsuit.
It is unlikely that the lender changed the locks.
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Is there a chance that there are other lien holders, perhaps private parties, to who the homeowners are subject to? Not all people get money from institutional lenders.
April 13, 2009 at 5:39 PM #380900ParticipantMy guess is perhaps it did already go through trustee sale. If it is a short sale it is not likely that the bank changed the locks prior to taking title.
A bank cannot change the locks on a home or even touch a home unless they hold title to the home. Maybe I am wrong but this is my understanding. If they did (and I am not an attorney) it would seem like they could be liable for a pretty serious lawsuit.
It is unlikely that the lender changed the locks.
************
Is there a chance that there are other lien holders, perhaps private parties, to who the homeowners are subject to? Not all people get money from institutional lenders.
April 13, 2009 at 5:39 PM #380537ParticipantMy guess is perhaps it did already go through trustee sale. If it is a short sale it is not likely that the bank changed the locks prior to taking title.
A bank cannot change the locks on a home or even touch a home unless they hold title to the home. Maybe I am wrong but this is my understanding. If they did (and I am not an attorney) it would seem like they could be liable for a pretty serious lawsuit.
It is unlikely that the lender changed the locks.
************
Is there a chance that there are other lien holders, perhaps private parties, to who the homeowners are subject to? Not all people get money from institutional lenders.
April 13, 2009 at 5:39 PM #380772ParticipantMy guess is perhaps it did already go through trustee sale. If it is a short sale it is not likely that the bank changed the locks prior to taking title.
A bank cannot change the locks on a home or even touch a home unless they hold title to the home. Maybe I am wrong but this is my understanding. If they did (and I am not an attorney) it would seem like they could be liable for a pretty serious lawsuit.
It is unlikely that the lender changed the locks.
************
Is there a chance that there are other lien holders, perhaps private parties, to who the homeowners are subject to? Not all people get money from institutional lenders.
April 13, 2009 at 5:39 PM #380725ParticipantMy guess is perhaps it did already go through trustee sale. If it is a short sale it is not likely that the bank changed the locks prior to taking title.
A bank cannot change the locks on a home or even touch a home unless they hold title to the home. Maybe I am wrong but this is my understanding. If they did (and I am not an attorney) it would seem like they could be liable for a pretty serious lawsuit.
It is unlikely that the lender changed the locks.
************
Is there a chance that there are other lien holders, perhaps private parties, to who the homeowners are subject to? Not all people get money from institutional lenders.
April 13, 2009 at 6:48 PM #380290sdrealtor
ParticipantOK, here is another answer. If the house has been sitting vacant the lender can deem it abandoned and can secure the property prior to the trustee sale.
I’ll let you know when I get the keys……
April 13, 2009 at 6:48 PM #380926ParticipantOK, here is another answer. If the house has been sitting vacant the lender can deem it abandoned and can secure the property prior to the trustee sale.
I’ll let you know when I get the keys……
April 13, 2009 at 6:48 PM #380563ParticipantOK, here is another answer. If the house has been sitting vacant the lender can deem it abandoned and can secure the property prior to the trustee sale.
I’ll let you know when I get the keys……
April 13, 2009 at 6:48 PM #380799ParticipantOK, here is another answer. If the house has been sitting vacant the lender can deem it abandoned and can secure the property prior to the trustee sale.
I’ll let you know when I get the keys……
April 13, 2009 at 6:48 PM #380751ParticipantOK, here is another answer. If the house has been sitting vacant the lender can deem it abandoned and can secure the property prior to the trustee sale.
I’ll let you know when I get the keys……
April 13, 2009 at 8:52 PM #380976seattle-relo
ParticipantIt was vacant, the tenants moved out even though the homeowners have been attempting to communicate with the bank their intention to sell.
April 13, 2009 at 8:52 PM #380849ParticipantIt was vacant, the tenants moved out even though the homeowners have been attempting to communicate with the bank their intention to sell.
April 13, 2009 at 8:52 PM #380801ParticipantIt was vacant, the tenants moved out even though the homeowners have been attempting to communicate with the bank their intention to sell.
April 13, 2009 at 8:52 PM #380613ParticipantIt was vacant, the tenants moved out even though the homeowners have been attempting to communicate with the bank their intention to sell.
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