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Updated over 16 years ago on . Most recent reply

User Stats

47
Posts
23
Votes
Moe M.
  • Real Estate Investor
  • Murrieta, CA
23
Votes |
47
Posts

Seller deeded partial interest several times, title issues

Moe M.
  • Real Estate Investor
  • Murrieta, CA
Posted

I'm working a short sale and I'm running into an issue where the seller has deeded part of their interest several times (4 to be exact) to different entities. The seller was working with a company that claimed this would help stop foreclosure by transferring partial interest to companies in bankruptcy. The only problem is this foreclosure rescue company is no longer in business and the seller has no idea who these entities are that he had deeded his interest to. He had an attorney try & help and the only thing that the attorney found was that the "entities" that filed BK was not entities at all, but in fact people who used DBAs that were never filed with the county.

The title company wants to get corporate info on these "entities", but they are not corporations, but rather people who filed BK, that were dismissed and now the seller cannot get the properties deeded back. Any suggestions? This is for CA by the way.

Thank you.

Moe

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