Posted on 11/27/2013 6:30:35 PM PST by Sheapdog
It sounds to me that your dad may have bought the acreage on a contract for deed but neglected to record the deed when he finished paying for it. In that type of sale, the original owner holds the title until the contract is completed, I.e., paid off, then the deed is transferred. You need to talk to an attorney who specializes in real estate in that state.
Thanks for the info.
Someone needs to publish Carrs residence address. Should be in the court records.....
Drill out his lock, wait for his thugs to come back and tell them they have two choices: cough up the cost of a lock and leave under their own power or be shot as intruders.
He’s only doing the job the banks were planning to do. He just got there first. ;-)
Its even more sleazy then it sounds.
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The right way is to identify a house that is currently in the foreclosure process and the people have moved out... find the owner , offer them a small amount as “cash for keys” and quit claim the title to yourself ,,, THEN move in, take over the foreclosure proceedings by filing a change of party-defendant and file quiet title ,, in 99% of the cases the foreclosing bank (if the loan was issued between 1998 and 2008) cannot show ownership as evidenced by any of their accounting.
The difference being the banks have a legal and moral right to do it. He doesn’t
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Actually the banks DON'T have a right to the property , it has lost it's status as the security/colatteral due to the banks illegal actions ,, please read the $13B JPM/Chase settlement (for FRAUD) documents for clarification ... also any loan that went through Ginnie Mae cannot be legally foreclosed upon and that's 90%+ of them ...
Direct from the SEC .. http://www.sec.gov/Archives/edgar/data/1109651/000087562606001708/b485pos.txt
Ginnie Maes are backed by the aggregate indebtedness secured by the underlying FHA-insured, FMHA-insured or VA-guaranteed mortgages and, except to the extent of funds received by the issuers on account of such mortgages, Ginnie Maes do not constitute a liability of nor evidence any recourse against such issuers, but recourse thereon is solely against GNMA. Holders of Ginnie Maes (such as the Trusts) have no security interest in or lien on the underlying mortgages.
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