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Updated 10 months ago on . Most recent reply presented by

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Lucas Cookson
  • Investor
  • VA
2
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Help me understand this letter from ReconTrust

Lucas Cookson
  • Investor
  • VA
Posted

The letter states the following:

FULL RECONVEYANCE
WHEREAS, John Smith, is the Trustor, Bank of America, N.A, is the current Beneficiary and ReconTrust Company is the current Trustee under that certain Deed of Trust dated XX/XX/20XX, and recorded on XX/XX/20XX as Instrument or Document No. XXXXXXXXXXX, in book, page, of the Official Records of the County of Los Angeles County, State of California;

WHEREAS, the Trustee does hereby reconvey, without warranty, to the person or persons legally entitled thereto, the estate now held by the Trustee under said Deed of Trust.
Dated 1/17/2013
Trustee: ReconTrust Company
By: Maria Fregin, Assistant Vice President

State of Arizona, County of Maricopa

.....and then below all that, it is notarized. He also received a copy of the recording filed at the recorder's office in Los Angeles, CA. Oh, and my colleague's name is in the spot where it says "John Smith" in case you didn't figure that out. The name was edited to protect the innocent. =P

So, what exactly does this mean? Are they saying that he is now the owner of the house, or did BofA reconvey it to ReconTrust? I'm confused because he hasn't finished paying off his mortgage.

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Chris Seveney
  • Investor
  • Virginia
15,883
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18,458
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied
Quote from @Linda Barbano:

This is what they do when they steal homes from good people. They stole ours and it was fully paid off. They took our family home threw us on the street when they hospital took our mother( unnecessary surgery took her life.the said they would help with transfer of title but we didn’t know it was fully paid threw her mortgage life insurance! We were so upset for we just lost her. They stole our money and the home where my mother passed away. How can they sale a place that is not theirs to sale 1408 e utopia rd Phoenix Az 85024. Is our mothers home.i won’t rest till we get the justice . I’m calling on angels


 According to public records search there was $114k in unpaid debt owed and thus they on behalf of the lender (Deed of trust state they act as trustee for the lender) foreclosed on the home because of a mortgage from 2006 that was taken out for $101,700. If you can prove that the $101,700 mortgage was in fact paid off, then you have a legitimate claim. 

  • Chris Seveney
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7e investments
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