xome.com auction - is this a scam??

[Lisa Bradshaw]

This week I won an auction on xome.com for a property in Portage county Ohio. I got the contract but I noticed that the seller listed on the contract is Nationstar Mortgage LLC. However, when I look at the county tax record, the owner is listed as US Bank National. Doing a quick google search it doesn't look like these companies are linked in any way. The court case for the foreclosure has US Bank National listed as the PLAINTIFF.

Also, the title company is listed as Chronos Title. I am supposed to send them the earnest money deposit ($3k), but I have not received any info on how/where to send it. I have called and emailed both xome.com and Chronos. 

Has anyone had the same or similar issues? I don't want to give them $3k if this is a scam. Please let me know asap!

[Wayne Brooks]

Not a scam, they are the largest seller of REO's in the country. Titles get transferred between banks and servicers during the foreclosure process, just after, etc. all the time.....no biggie. But, I always recommend you choose your Own title co., if you haven't already made the choice to use Their title co. You will pay for your own title insurance this way, but the other fees make it lmost a way, but more impoertantly you will get a more thorough tile search, and less exceptions ((things not covered) in the B Section under Exceptions in your title policy//committment.