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Updated about 1 year ago on . Most recent reply

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Foreclosed in 2008, Deeded back to owner in 2014 - Notice of taking in 2018....

Clifford Firthh
Posted

Got a strange scenario that played out today and I am looking to see if anyone has any insight or knowledge on this:

Rehab property in Massachusetts was purchased back in the early 2000's. It never got finished and the owner got foreclosed in 2008. It got assigned a few times due to BOA mergers from 09-11. Owner filed bankruptcy in 2011. Then in 2014 BOA filed a "Release of mortgage/Deed of trust" and quit claimed it back to the original owner for $1. And then in 2018 the city filed a "instrument of taking" naming BOA for a couple thousand in back taxes, but never did anything further.


So many questions on this. But I guess mainly, who actually owns this property? Do banks deed properties back like this? 

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Chris Seveney
  • Investor
  • Virginia
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

@Clifford Firthh

If it foreclosed on 2008 then it would not have had those other documents issued. So something seems off unless it was a second lien foreclosure and the first was still valid

The only way to tell is first go to public records and see who owner is or run a title report

Masslandrecords.com is a free search which should be able to see who holds title to the property

  • Chris Seveney
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7e investments
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