Zombie Foreclosure in NC?
I have a sub to that is facing tax foreclosure. Seller has already signed a sub to contract and auth release. Existing mortgage is 80k but the original holder of the loan was bought out a year after the loan was given, that Lender merged with a private equity firm a few years later. I pulled the records from register of deeds and it says the new holder is a bank in Germany. I'm negotiating with the city on the taxes. I found the last known trustee who advised me the case was closed and per the loan servicer charged off. So that servicer has since been bought out by Oswen Loan Servicing in Fl. The trustee advised that the seller should have recieved a 1099 if it was indeed charged off but per seller she moved out in 2010 and thought home was foreclosed on. Any tips or suggestions on moving forward?