AboutDennis Herman Expertise I can answer questions on Real Estate such as question on writing an Offer to Purchase. What can go wrong after an offer is written? What is Buyer Agency and what will it do for me? What is a foreclosure? What is the difference between a foreclosure, a bank owned property and a short sale? What is the best way to locate a property? What steps can be taken to avoid foreclosure? How do Real Estate Agents get paid? How can I quickly build equity in a home? How do I view homes? What types of homes will have the best prices? How do I choose an agent? What types of financing are available?
Experience Residential and commercial real estate. New home purchases. Buyer Agency. First time home buyers. Foreclosures, bank owned properties, estate sales and short sales.
Organizations Greater Milwaukee Realtors Association
Wisconsin Realtors Association
National Association of Realtors
Publications http://activerain.com/bloghome
Education/Credentials State of Wisconsin Licensed Real Estate Sales Agent
Accredited Buyer Agency Training
Relocation Training
Certified Senior Citizen Representative
Wisconsin Real Estate Continuing Education
Question We got a our Notice of Default dated December 3, 2008. The DOT has the mortgage broker recording date 3-28-06. MERS, Wells Fargo and the Trustee Service was not recorded on the Deed until December 29, 2008. My understanding from what I read is that you have to be on the Deed of Trust to start foreclosure proceedings. So at the time they started foreclosure they were not on the Deed. We are in a non-judicial state. Please explain if you can. Have I misunderstood what I have read?
Answer Sorry I can not explain this one. I am licensed to market properties in the state of Wisconsin and not dispense legal advise.
With the way banks are merging and changing names you may have been caught up in a change of this type. Lenders also buy and sell loans. Because loans are sold as a package, the buyer my not know what status they are in until the details have been delivered.
I do not think you will be able to find a legal loop hole but you may be able to buy some time. I would talk to an attorney to see if they can do anything with this situation.
