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Updated over 6 years ago,
Help with owner and encumbrance report
I am interested in a foreclosure auction and had a PRELIMINARY TITLE REPORT ran on the property.
However i am having trouble understanding it. I XXXX'd out the names:
Can someone dumb this down for me?
Outside the costs of the auction will i be held responsible for costs?
Here is what is listed on the Mortgage/Leins section:
1. A deed of trust to secure an indebtedness in the amount shown below, and any other obligations secured
thereby
Dated: November 14, 2005
Amount: $240,000.00
Trustor/Borrower: XXXXX
Beneficiary/Lender: Mortgage Electronic Registration Systems, Inc. solely as nominee for GMAC
MTG, its successors and assigns
Recording Date: November 22, 2005
Instrument No.: 119543, of Official Records.
An assignment of the beneficial interest under said Deed of Trust as follows:
Assigned To: Ocwen Ln Servicing LLC
Recording Date: August 01, 2014
Instrument No.: 40049, of Official Records.
An assignment of the beneficial interest under said Deed of Trust as follows:
Assigned To: Select Portfolio Servicing
Recording Date: March 13, 2017
Instrument No.: 15015, of Official Records.
An assignment of the beneficial interest under said Deed of Trust as follows:
Assigned To: Select Portfolio Servicing
Recording Date: March 16, 2017
Instrument No.: 15998, of Official Records.
2. A deed of trust to secure an indebtedness in the amount shown below, and any other obligations secured
thereby
Dated: June 26, 2007
Amount: $90,000.00
Trustor/Borrower: XXXXX
Beneficiary/Lender: Mortgage Electronic Registration Systems, Inc. solely as nominee for GMAC
MTG LLC, its successors and assigns
Recording Date: July 31, 2007
Instrument No.: 64922, of Official Records.
An assignment of the beneficial interest under said Deed of Trust as follows:
Assigned To: 21st MTG Corp
Recording Date: August 11, 2017
Instrument No.: 47173, of Official Records.