Ok fellow superstars, I need real help here. I have a property listed. It is listed now for $35k. I received an offer for $32k and submitted short sale packages for 1st (Greentree) and 2nd (LTD Financial).
My seller is a Vet and took out both loans with USAA and they were sold. A year after they bought the property, USAA gave them a 3rd loan At this point the liens total $150k +
How can I find out who USAA sold the third loan too. Its not a Fannie loan. Needless to say, the 3rd will not see a dime. I have checked Public Records and the third does not show being assigned, an LP or foreclosure notice. Nor can I find an Assignment.
HELP!!!!!!!!!!!!
Thanks,
Terri Barrow
Keller Williams Realty
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Terri - I would get a title agent to do a title search to check this. The third can be paid something, the first will dictate how much to each in the end.
Hi Wendy:
Thanks for the input. I had the Title Co. pull and it did not show anything. That said, I did a ton of research last night and found out that USAA is known for selling their 2nd/3rd HELOCS to collection agencies. This is why there was not an assignment or LP filed. I have found what I need and we have submitted an authorization to speak to then.
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