Thursday, March 24, 2011

getting back to the REO transaction and the odd POA scenario

It hits me that this attorney isn't even in touch with the principal on the POA.  According to her the REO company may not even have current contacts for that company.  This attorney is apparently throwing darts at the public record trying to find a POA that might fit her transaction.  What the hey?

The vested lender is vested on the sheriff's deed because the foreclosure attorney filed an assignment into their name during foreclosure.  Now they want to move the paper to another lender so that lender can convey to my buyer.

In the meantime, after doing a bit of research I was able to contact the VP how signed the POA we have in hand.  It will be interesting to see how this plays out.

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