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Updated over 8 years ago on . Most recent reply

User Stats

376
Posts
211
Votes
Mark Elliott
  • Investor
  • west seneca, NY
211
Votes |
376
Posts

foreclosed or not foreclosed? that is the question

Mark Elliott
  • Investor
  • west seneca, NY
Posted

i have a question for foreclosure experts, lawyers and just about anyone who may know. i have been watching a house in my area for about 3 years now. the start of the foreclosure is dated 4/19/13, by US bank national association tr. i have contacted the last known owner, and she has agreed to sell me the property, dirt cheap. the problem i have is that i do not know which bank holds the mortgage, nor do i know the status of the foreclosure. 

US bank national purchased the mortgage from JP morgan chase a while ago. JP morgan chase has told me that it belongs to US bank. I called US bank and they claim that they do not hold the mortgage, but they did file the lis pendis on that date, on behave of chase bank, for whom they service the loan. i called the attorneys who filed the lis pendis, and i had my attorney call them. all they would give her for information is that the case is closed. 

since the april 2013 filing, ( which case is now closed), there has been absolutely NO further action on this house in any court, nor have any property taxes been paid. 

my feeling is that this mortgage lien has been written off by whichever bank holds the mortgage, but no release of lien has been filed within the county courts regarding the matter.

can anyone tell me what is going on with this house? any ideas? i would love to hear from a local attorney or real estate professional on this matter as to how i could or should proceed on this one. like i said, i can  get this dirt cheap and i would like to. any information would be greatly appreciated.

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