[RGSpincich]

What normally happens when the holder of a second deed of trust (Petersons have a second) forecloses is the new owner either payoffs the first or continues to make payments to the holder of the first. The first is never wiped out by an underlying lien holder foreclosing. I think Sharon can have the Peterson lien voided, though, and receive the property subject to the existing first loan which is Principal Residential Mortgage, they purchased the loan from Ambeck (Sharon is a loan officer for Ambeck). If you follow the link you will see a reconveyance, it's from the refi in Feb/2002. Recons can lag a month on the recording depending on the lender and title company policies.

Peterson recordings

Hope the Petersons purchased title insurance and I hope that they can show that $100,000. was really transferred to SP. If it was a ruse to tie up the equity, they are in deep chocolate.

[runningbear]

oh I seen that... but that is when I think they Scott and Laci refinanced the home for the pool to be built during that year. It was completed .... I am going off memory here.... Laci was missing Dec 2002..... Since then, I haven't seen another recording other than Sharon of Notice and Jackie, Lee, and Scott as power of attorney, deed, trust deed, rent assignments...... dated from Nov 2003, april 2004, and so....

[runningbear]

thank you for the update too... ;o)

[Canadian Outrage]

I agree with you RG. If it can be shown to be a fraudlent conveyance they are in deep chocolate!!