I have signed a purchase agreement on a home foreclosed by Bank of America & sold to FNMA. Someone fell asleep in the process & the deed from

Asked by Msd, Phoenix, AZ Fri Apr 30, 2010

B of A to FNMA has been lost. Who can I talk to to get this resolved. My money is in escrow for more than a week. I want to move in. Can anyone help?

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Keith Manson-…, , Milwaukee, WI
Sat May 1, 2010
I would suggest that you get your agent to the listing agent to resolve the situation. It the listing agent is handling cases with B oA they should be able to resolve it. I am betting FNMA was the investor and should of been selling the home. B of A sold the home and either needs to assign deal to FNMA or work through some internal process. However, you need to work with the people involved now. The listing agent needs to address with B of A and follow the trail.

Keith Manson
First Weber Group
Certified Distressed Property Expert
Metro Milwaukee

http://www.milwaukeebailout.com
0 votes
James Wehner, Agent, Scottsdale, AZ
Fri Apr 30, 2010
This should not be too difficult to resolve. Oh wait a minute, now you have 2 banks to deal with. Good luck! ;)

Your title company should easily be able to take care of this problem.
Web Reference:  http://www.jameswehner.com
0 votes
The Urban Te…, Agent, Phoenix, AZ
Fri Apr 30, 2010
I am guessing you hired a Realtor to help with your purchase. If that is the case, he or she is who you need to talk to. We, other agents on Trulia, are not parties to the transaction and would be remise to provide advise.

You can also turn to your escrow company, the company you hired to handle title and escrow for the transaction. Ultimately, it is their job to obtain clear and free title to the property on your behalf.

Good luck and I wish you well.
Web Reference:  http://www.urbanteamaz.com
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