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.
I believe the REO date is the day the actual trustee deed document is recorded at the county recorder’s office.
Once the trustee sale takes place on the steps of the court house, it takes a few days, and sometimes a couple of weeks or more, for the actual document to make it to the recorder’s office.
I guess it’s standard practice, but if it were me and I just plunked down a few hundred thousand cash, I’d like my document recorded promptly.
I believe the REO date is the day the actual trustee deed document is recorded at the county recorder’s office.
Once the trustee sale takes place on the steps of the court house, it takes a few days, and sometimes a couple of weeks or more, for the actual document to make it to the recorder’s office.
I guess it’s standard practice, but if it were me and I just plunked down a few hundred thousand cash, I’d like my document recorded promptly.
I believe the REO date is the day the actual trustee deed document is recorded at the county recorder’s office.
Once the trustee sale takes place on the steps of the court house, it takes a few days, and sometimes a couple of weeks or more, for the actual document to make it to the recorder’s office.
I guess it’s standard practice, but if it were me and I just plunked down a few hundred thousand cash, I’d like my document recorded promptly.
I believe the REO date is the day the actual trustee deed document is recorded at the county recorder’s office.
Once the trustee sale takes place on the steps of the court house, it takes a few days, and sometimes a couple of weeks or more, for the actual document to make it to the recorder’s office.
I guess it’s standard practice, but if it were me and I just plunked down a few hundred thousand cash, I’d like my document recorded promptly.
I believe the REO date is the day the actual trustee deed document is recorded at the county recorder’s office.
Once the trustee sale takes place on the steps of the court house, it takes a few days, and sometimes a couple of weeks or more, for the actual document to make it to the recorder’s office.
I guess it’s standard practice, but if it were me and I just plunked down a few hundred thousand cash, I’d like my document recorded promptly.
