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No Transfer of Ownership Until Trustee's Deed is Recorded by Investor
No Transfer of Ownership Until Trustee's Deed is Recorded by Investor
 
Chris Combs is a respected Attorney that our Keller Williams Office often refers to when needing legal opinions about all sorts of Real Estate related issues.    Here Chris has a frank discussion about Trustee Deeds and Ownership and the complications and implications involved in the transfer of deed during a trustee sale.     If you need Chris' assistance, you can reach him at:  602.957.9810   By: Christopher Combs, Attorney at Law, Combs Law Group, P.C.   602.957.9810
A trustee's sale is a foreclosure auction usually occurring at an attorney's office or the courthouse steps.  Although the mortgage lender foreclosing the deed of trust has historically been the only bidder at the trustee's sale, investors now are frequently successful bidders at the trustee's sale.  If an investor is the successful bidder at the trustee's sale, the investor has until 5:00 P.M. the next day to make full payment.  The investor then needs answers to several questions. When does the investor have to start to pay homeowners' association fees?  When does the investor become liable for damage to the real property, e.g., what if the real property is destroyed by fire a few ... more

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