- This topic has 20 replies, 3 voices, and was last updated 16 years, 7 months ago by The OC Scam.
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February 7, 2008 at 8:59 PM #11754February 7, 2008 at 11:03 PM #149615SD RealtorParticipant
OC Scam please keep us updated on this case. I am VERY interested in this as I have now done a couple of REOs and they all went very smooth. Can you explain the details a little bit more to me about the repurchase agreement between the two banks?
I guess I am puzzled that when the property went to the trustee sale, how the trustee sale occurred without the deed actually going to the first bank… So when you look on the tax roll for the actual home, I take it the name of the first bank is on the tax roll as the holder of title even though this other bank really has it.
Wow… really interesting stuff…
February 7, 2008 at 11:03 PM #149874SD RealtorParticipantOC Scam please keep us updated on this case. I am VERY interested in this as I have now done a couple of REOs and they all went very smooth. Can you explain the details a little bit more to me about the repurchase agreement between the two banks?
I guess I am puzzled that when the property went to the trustee sale, how the trustee sale occurred without the deed actually going to the first bank… So when you look on the tax roll for the actual home, I take it the name of the first bank is on the tax roll as the holder of title even though this other bank really has it.
Wow… really interesting stuff…
February 7, 2008 at 11:03 PM #149886SD RealtorParticipantOC Scam please keep us updated on this case. I am VERY interested in this as I have now done a couple of REOs and they all went very smooth. Can you explain the details a little bit more to me about the repurchase agreement between the two banks?
I guess I am puzzled that when the property went to the trustee sale, how the trustee sale occurred without the deed actually going to the first bank… So when you look on the tax roll for the actual home, I take it the name of the first bank is on the tax roll as the holder of title even though this other bank really has it.
Wow… really interesting stuff…
February 7, 2008 at 11:03 PM #149902SD RealtorParticipantOC Scam please keep us updated on this case. I am VERY interested in this as I have now done a couple of REOs and they all went very smooth. Can you explain the details a little bit more to me about the repurchase agreement between the two banks?
I guess I am puzzled that when the property went to the trustee sale, how the trustee sale occurred without the deed actually going to the first bank… So when you look on the tax roll for the actual home, I take it the name of the first bank is on the tax roll as the holder of title even though this other bank really has it.
Wow… really interesting stuff…
February 7, 2008 at 11:03 PM #149974SD RealtorParticipantOC Scam please keep us updated on this case. I am VERY interested in this as I have now done a couple of REOs and they all went very smooth. Can you explain the details a little bit more to me about the repurchase agreement between the two banks?
I guess I am puzzled that when the property went to the trustee sale, how the trustee sale occurred without the deed actually going to the first bank… So when you look on the tax roll for the actual home, I take it the name of the first bank is on the tax roll as the holder of title even though this other bank really has it.
Wow… really interesting stuff…
February 8, 2008 at 8:21 AM #149996The OC ScamParticipantSD R
Right now we don’t know all the details of the repurchase agreement. What we do know is that after the trustee sale the First Bank with the larger note around 80% of the purchase price in 2006 did buy it back and the deed did go to them …however they arranged the repurchase agreement that would happen after a January 15th with the Second bank automatically holding the smaller note in a mutual agreement after the trustee sale. It appears that those involved at the asset management and the First bank forgot about this date of expiration and our loan docs now sit in limbo…
The second bank as part of this agreement was signed over as beneficiary of deed or something like that?
This has been the most amazing part of our situation as you know we moved into this home as renters and now we got all the way to the end ……and now two banks are at odds with our purchase agreement caught in the middle…..I’m really in disbeliefBut hey I’m still not paying anything at the end of the month…so it isn’t that bad!! lol
February 8, 2008 at 8:21 AM #150080The OC ScamParticipantSD R
Right now we don’t know all the details of the repurchase agreement. What we do know is that after the trustee sale the First Bank with the larger note around 80% of the purchase price in 2006 did buy it back and the deed did go to them …however they arranged the repurchase agreement that would happen after a January 15th with the Second bank automatically holding the smaller note in a mutual agreement after the trustee sale. It appears that those involved at the asset management and the First bank forgot about this date of expiration and our loan docs now sit in limbo…
The second bank as part of this agreement was signed over as beneficiary of deed or something like that?
This has been the most amazing part of our situation as you know we moved into this home as renters and now we got all the way to the end ……and now two banks are at odds with our purchase agreement caught in the middle…..I’m really in disbeliefBut hey I’m still not paying anything at the end of the month…so it isn’t that bad!! lol
February 8, 2008 at 8:21 AM #150012The OC ScamParticipantSD R
Right now we don’t know all the details of the repurchase agreement. What we do know is that after the trustee sale the First Bank with the larger note around 80% of the purchase price in 2006 did buy it back and the deed did go to them …however they arranged the repurchase agreement that would happen after a January 15th with the Second bank automatically holding the smaller note in a mutual agreement after the trustee sale. It appears that those involved at the asset management and the First bank forgot about this date of expiration and our loan docs now sit in limbo…
The second bank as part of this agreement was signed over as beneficiary of deed or something like that?
This has been the most amazing part of our situation as you know we moved into this home as renters and now we got all the way to the end ……and now two banks are at odds with our purchase agreement caught in the middle…..I’m really in disbeliefBut hey I’m still not paying anything at the end of the month…so it isn’t that bad!! lol
February 8, 2008 at 8:21 AM #149984The OC ScamParticipantSD R
Right now we don’t know all the details of the repurchase agreement. What we do know is that after the trustee sale the First Bank with the larger note around 80% of the purchase price in 2006 did buy it back and the deed did go to them …however they arranged the repurchase agreement that would happen after a January 15th with the Second bank automatically holding the smaller note in a mutual agreement after the trustee sale. It appears that those involved at the asset management and the First bank forgot about this date of expiration and our loan docs now sit in limbo…
The second bank as part of this agreement was signed over as beneficiary of deed or something like that?
This has been the most amazing part of our situation as you know we moved into this home as renters and now we got all the way to the end ……and now two banks are at odds with our purchase agreement caught in the middle…..I’m really in disbeliefBut hey I’m still not paying anything at the end of the month…so it isn’t that bad!! lol
February 8, 2008 at 8:21 AM #149728The OC ScamParticipantSD R
Right now we don’t know all the details of the repurchase agreement. What we do know is that after the trustee sale the First Bank with the larger note around 80% of the purchase price in 2006 did buy it back and the deed did go to them …however they arranged the repurchase agreement that would happen after a January 15th with the Second bank automatically holding the smaller note in a mutual agreement after the trustee sale. It appears that those involved at the asset management and the First bank forgot about this date of expiration and our loan docs now sit in limbo…
The second bank as part of this agreement was signed over as beneficiary of deed or something like that?
This has been the most amazing part of our situation as you know we moved into this home as renters and now we got all the way to the end ……and now two banks are at odds with our purchase agreement caught in the middle…..I’m really in disbeliefBut hey I’m still not paying anything at the end of the month…so it isn’t that bad!! lol
February 8, 2008 at 10:44 AM #149818crParticipantOC – does this happen to be the house you were living in a year ago when you first started posting here, and to be blunt, bragged about living in < a href='http://piggington.com/new_oc_housing_market_scam_for_rentals'>“rent free”? I think there is an older post where you went into more detail about not paying your rent, but I couldn’t find it.
February 8, 2008 at 10:44 AM #150072crParticipantOC – does this happen to be the house you were living in a year ago when you first started posting here, and to be blunt, bragged about living in < a href='http://piggington.com/new_oc_housing_market_scam_for_rentals'>“rent free”? I think there is an older post where you went into more detail about not paying your rent, but I couldn’t find it.
February 8, 2008 at 10:44 AM #150085crParticipantOC – does this happen to be the house you were living in a year ago when you first started posting here, and to be blunt, bragged about living in < a href='http://piggington.com/new_oc_housing_market_scam_for_rentals'>“rent free”? I think there is an older post where you went into more detail about not paying your rent, but I couldn’t find it.
February 8, 2008 at 10:44 AM #150102crParticipantOC – does this happen to be the house you were living in a year ago when you first started posting here, and to be blunt, bragged about living in < a href='http://piggington.com/new_oc_housing_market_scam_for_rentals'>“rent free”? I think there is an older post where you went into more detail about not paying your rent, but I couldn’t find it.
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