was trying to buy a short sale in new hampshire that just got foreclosed on yesterday. no one bid so it went back to the bank. we started this 8 months ago(in those 8 months had a verbal approval from both banks that had liens but never saw paperwork), everything that was asked of me was completed and turned in on time. my loan approved all the through underwriting,appraisal,insurance binder all completed. problem was there were two banks with liens and they couldn't get there stuff together in 8 months of waiting and so it went to auction.( and by the way it was bought back for way less then the price on our short sale agreement,someone explain how that's good business for the banks!) i did not bid because i am not educated on the process enough as far as 2nd and 3rd liens chasing me after the fact and could not get a real estate lawyer in time for the auction.( as much as we wanted the house i couldn't be reckless about it and put my family's financial future in jeopardy ) so now the question is how do i find the asset manager ? anyone who lives around new england knows a vacant home and new england winters don't get along. my second question is the lien info during the short sale game were wells fargo and small 2nd and 3rds with td bank. thought i heard the auctioneer say first horizon opens bidding at ****** and then there were no bids after that. so who is who as far as banks go ? i found this in my research which has nothing to do with any doc's on the home i'm trying to buy.
WELLS FARGO BANK, N.A., Index No.:
A NATIONAL BANKING ASSOCIATION, AS
BOTH ORIGINATING CREDITOR AND AS
ASSIGNEE OF FIRST TENNESSEE
BANK NATIONAL ASSOCIATION ,
TRADING AS FIRST HORIZON (“BANK”),
Plaintiff,
so are wells fargo, first horizon and first tennessee banks all the same people ? and then when does fannie mae come in and should i be trying to contact them ? as you can see i'm pretty lost at this point and have so much invested in this home already. there has to be a way to keep moving forward and not gambling on finding it back in the mls and getting into a bidding war. thank you to all who took the time to read and comment
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