Possible Error In Foreclosure... Chance To Give Us Some More Time?
There is a property that I am looking at that could be a potentially MASSIVELY profitable deal, but I noticed something odd....
In the Courthouse Retrieval System for this parcel it lists the record as being :
Book R132
Page I2260
In the "Substitution of Trustee" paperwork it lists as :
Book R132
Page I2268
Could this be a mistake that could allow us to get extra time to work this deal? The woman barely owes on the property, and has huge equity, and only wants a meager pittance for the home. This could be huge if I can pull it off.
Please reply! 
I see mistakes like that all the time. Actually the records have a zip code wrong on one of my properties. When I called to inquire about the mistake, they told me not to worry about it. They will go by the parcel number for any transactions to the property. So I would think that you scenario is just human error and would not affect or delay the deal.
Lori
[addsig]
Hi you guys,
This is pretty interesting...At the present, I mainly deal w/preforeclosures...I'm interested in knowing what other potential errors from the default notices or court house records that are advertised that I should look for that could possibly help buy some time in a deal if this situation arises?
Thanks in advance for your help!
There can be an unlimited number of "substitution of trustee" made in a foreclosure procedure. A lender could change trustees every day if they so desire. That would not change the timeline and neither will this trivial error.
The information you did not furnish is how close to the sale is this property. That will dictate what options are available to delay the sale.
If you do indeed stand to profit "MASSIVELY" from this deal and you won't have enough time without a delay, then run, don't walk, to the best foreclosure attorney you can find and find out what delays he/she can muster. It's a necessary investment. To try to do it yourself will only waste time that you probably can't afford to squander right now. And make sure in your excitement you don't overlook details like an otherwise clear title...
I agree, go get yourself a good foreclosure attny. he can buy you 60 to 90 days without a problem.
I do not understand why you need more time? When is the sale and how much is it to bring the payments current? The lady only wants a pittance, so why don't you have the deed?
Brenda
As Brenda said, start running. Get Deed, record deed, make arrangements to pay her what she wants and get on with it. A large profit means focus, run, complete.
Do not worry about slight irregularities. Just make damn sure she can deed and is on title and is identified as on title.
Go for it. Lucius
Whena person says they only want a pittance you get them to agree to the deal then and then come back with paper work the next day. I keep a packet of paperwork for getting the deed in my car.
Brenda
I wasn't asking for advice on whether or not I should already be prying the deed from her wrinkled hands... I was asking if *this* would be an example where one could get an extension of the foreclosure due to error.
you won't be able to get any kind of extension just because of a clerical error...