In 2004 Decision One lends $124000 to some folks under their subprime program.
Loan goes south.
Lender starts foreclosure.
Folks give lender deed in lieu of foreclosure.
Folks list property and sell it for $84000 and negotiate a short sale. Lender approves short sale netting $69000. HUH?
I get this file for title examination. There's an original unrecorded deed from lender back to folks. HUH?
File notes say lender looked at title and said no thanks, don't want to deal with it. HUH?
We find two judgments but otherwise title is ok. Might not be quite enough for short sale but it will be close. HUH?
Am I missing something?