This one went back to EMC (Bear) on 6/20 (recorded 6/26). Was originally scheduled to go to auction on 3/27. 3 month delay. Still owned by EMC.
Likely cause on this delay was procedural – there was an assignment of the foreclosing mortgage on 5/14 from Norwest to EMC. It’s nearly impossible to unravel the securitization of this from just recorded docs, but it looks like it was originally a Norwest originated loan sold to Bear/EMC.
Most importantly, this was discounted about 220k from the outstanding balance at auction and still did not sell to a third party.
