Asked by Jodie Cebolski, Anaheim, CA • Tue Jul 10, 2012
Free & Clear Property was granted to 4 siblings after fatherâ€™s death. One sibling bought out the other 3 for $100k each (taking out a mtg) and took title by Deed in lei in conjunction to a deed of trust, all recorded on the same day. He paid his mortgage for 2 yrs, that was only in his name, and then passed away. The property is now in foreclosure, because no one wants it. However, when all recorded docs were last pulled the deed in lei was not recorded, which was responsibility of the mortgage co at time of closing. Washington Mutual in California. The Property is still in the name of all 4 siblings, and yes they did receive a check from title for $100,000 each. Is the loan null & void and can they foreclose on property or is only Â¼ actually the banks only?
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