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Updated over 14 years ago,

User Stats

24
Posts
1
Votes
Donna Drake
1
Votes |
24
Posts

The home I want to buy is lost in paperwork somewhere

Donna Drake
Posted

Here I am at BiggerPockets again looking for answers. You guys are great and maybe you can help.

I finally sold my house. I have had my eye on a empty home for over six months. It has be empty since April 2009.

The owner of the house passed away, and the children didn't want the house as it is not worth what was owed on it.

National Bank of AZ sold the house in 2007 to a mortgage company in NJ. I called them, and all they did was ship me to a web-site for pre forclosure and foreclosure homes. It wasn't there.

They didn't have the house under the National bank loan number and that is the loan number I have.

Now I'm not even sure NJ has it. I called the family attorney of the deceased owner, hoping he will call me back with current loan information, but I have not heard back yet.

I also was told by this lawyer that it should be no problem to buy the house right away, even if I have to rent it from them while paperwork is completed.

I have to be out of my house by Sept 16, and I need this information now! I have hit a brick wall!

This is my question. The mortgage company in NJ deals with Mortgage-backed securities! this company seems so big! I don't understand what that means, and why the previous owner would choose them.

They offer things like Private label Solutions and I think all properties are pooled. HELP! What is all this? I think they have the house I want, and I need to buy it. They just don't seem to want to help me at all.

Right now I am homeless!

this would also be a cash sale. Nothing difficult.

Do any of you know how I should proceed? This little house is my dream home. I want it so badly, and there was recently a sign on the door from a company called safe guard saying the property has been abandoned and the lender would be notified they have to clean up the yard and the locks would be changed. Nothing ever happened with this either.

All information any of you have will be very much appreciated! I am so stressed and just need to know what to do, and what kind of mortgage company I am dealing with!

Thank you all so much,

Donna

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