Foreclosure or Bust?!?!
This is a discussion on Foreclosure or Bust?!?! within the Other Business & Finance Law Issues forum, part of the BUSINESS & FINANCE LAW category; In a foreclosure proceeding if the current investor(s, who are loan holders, do not have the \"Assignment\", which should have ...
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Dec 1st, 2007, 10:07 PM
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Foreclosure or Bust?!?!
In a foreclosure proceeding if the current investor(s, who are loan holders, do not have the \"Assignment\", which should have been received or transfered from the previous loan holder, should the foreclosure be able to go forward or will the current investors\' representative need to obtain the \"Assignment\". Also, if the \"Assignment\" was not transfered at all what steps would the investors\' representative need to take to obtain that document? Would this be grounds to draw up a new loan or rewrite the existing loan?
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Dec 5th, 2007, 05:02 PM
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Re: Foreclosure or Bust?!?!
They need some kind of document to show their ownership of the loan now or they have no rights to proceed. They cannot proceed without some kind of proof.
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