Records 1 – 3 of 3
Select Doc Number Doc Type Name
… Certified Non-Certified 2010-0101883 DEFAULT DOC 289463 APR 26 06
… Certified Non-Certified 2007-0400043 DEFAULT DOC 289463 APR 26 06
… Certified Non-Certified 2006-0481313 DEFAULT DOC 289463 APR 26 06

Scarlett, the most recent defaults filed on the Caroline T. Quintana Trust are as above. The latest Notice of Default was filed 3/2/10. Notice of Sale was filed 10/22/10. The Trustees Deed was filed 11/22/10.

The first default was just 2.5 months after the loan was made by MTC Financial. They sold the loan to CA Bank and Trust who filed a default on it on 6/13/07. CA B&T then sold it off to WGJ Trust who then hired a trustee to foreclose.

My guess is most likely it was subprime, the defaulting trustor was collecting rent most of all that time and WGJ Trust doesn’t have much skin in the game.