Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 16 years ago on . Most recent reply

User Stats

17
Posts
1
Votes
Howard Walter
1
Votes |
17
Posts

Foreclosures ALL READ PLS

Howard Walter
Posted

Hello members I am an old foreclosure
expert been doing these for over 30 yrs

I have a very interesting issue to raise
to all here getting foreclosed on as
well as buying them

Ok since alot of these banks have
sold or transferred their debt there
maybe an issue with legal status
of the bank

Some of these loans have been
packaged and sold off many times

So there maybe a real issue if
the current holder of the note
has legal status

I currently know smart homeowners
getting foreclosed on are barring
the process for lack of legal standing
on the part of the Trustee attempting
foreclosure

When the notice is published the owners
are sending legal notice to the trustee
to prove legal standing or right to
foreclose

Has anyone here heard or know exactly
who the owners are doing this

There must be very specific wording
that is being used....I quess I could
just go down to my county and pull
one up but maybe someone here
knows

SKI

Loading replies...