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Real Estate & Property Law

: The Home Equity Theft Reporter

Creditor's Failure To Record Request For Notice Allows Ex-Homeowner To Snatch Away Surplus Out From Under Subordinate Lienholder After F'closure Sale

By r morris

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In Southern California, Lexology reports:In Banc of America Leasing & Capital, LLC v. 3 Arch Trustee Services, Inc. (2009) 180 Cal.App. 4th 1090, defendant 3 Arch Trustee Services (?Arch?) properly conducted a nonjudicial foreclosure. After Arch recorded notices of default and sale, a creditor recorded an abstract of judgment against the property owner. The creditor later transferred the judgment

Full post as published by The Home Equity Theft Reporter on March 17, 2010 (boomark / email).

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