What about the foreclosure trustee?
In this entire mess, that is the one item that has been wholly overlooked. The trustee in a non-judicial foreclosure has been set up as the "middle man" to stand between the lender and the borrower, and make sure everything is done correctly if the property has to be sold.
So what information should the trustee gather? One would think that he or she would at least want to see that the purported mortgage holder can actually foreclose. But I know for a fact that many corporate trustees have fallen down in this area, just as the banks have.
I think trustee liability is going to be a buzz word in 2011.
IF YOU THINK YOUR MORTGAGE WAS OR IS BEING IMPROPERLY FORECLOSED, CONTACT US! YOUR TRUSTEE MAY HAVE LIABILITY TOO!
Wednesday, 20 July 2011