To: RGSpincich
RG - The Rocha's must CERTAINLY have a claim against Laci's half of the property. How is it possible for these encumbrances without some consent? I guess it just works differently there from here. I do that type of legal work all the time. But we have a different system of Mortgaging and conveyances here. The work is done by Lawyers NOT Banks. The Assignment of Rents I assume is assigning the rents collected to the Mortgage company should the Peterson's decide to rent the house out. Here, the first thing that would have been done by the Rocha's is to file a Lis Pendens and a Certificate of Pending Litigation against the property. There is NO END to the GALL of these People.
82 posted on
11/20/2003 11:29:02 AM PST by
Canadian Outrage
(All us Western Canuks belong South)
To: Canadian Outrage; Devil_Anse; runningbear
Actually the Deed of Trust was in favor of the Petersons, they are the lenders/beneficiary and they will be entitled to the rents if what they are owed is not paid by other means.
SP is the trustor, meaning he owes the money. Since that bozo will be in jail forever it looks like the Petersons could end up foreclosing on the property. This has all the earmarkings of a landgrab, especially when you consider that Lee and Jackie have SP's Power of Attorney and probably signed for him giving them a claim on the house.
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