OK, So Bank of America tells my clients - Yes you are approved for a HAFA Short Sale. GREAT. But when I look at the local Property Appraiser Card my clients, let's say the Waltons, are not the current ower of the home. Rather Bank of New York Mellon (TR) has been for the last three years via CT issued Jan, 2010. And the Waltons of course are not going to question this because they are living for free.
WAKE UP Bank of America. You insist they list for Short Sale as they are the active "borrowers" on the home, but that does not make them the legal owners of the home. In researching the foreclosure case notes it looks like they reopened the case in 2011 and later in 2011 schedule a new sale date, they CT was never reversed.
According to the Waltons the CT was never suppose to be issued as the bank decided not to buy it back on that first sale date. But reality is the CT was recorded and Bank of New York Mellon (TR) is still listed as the legal owners of the property.
But again Bank of America says no, list- the Waltons own this home. Did I miss a flash back day to woodstock here? Can no one who works for the "legal owner" of this home recognize that they do own the home already. How long are the Waltons going to live there before someone realizes they lost ownership 3 years ago. (now lets say that is 12K a month - they have now saved 36K since the CT Was issued)
Has anyone else come across this? Guess I will submit the offer I have on teh home, process the short sale until someone finally looks at the current deed and says, wait - you can't sell a home you don't own.
WOW. ....
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