Trust Deed Pros And Cons

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Deed Of Trust Sale

deed of trust sale
Question: What do all these deeds of trust/reconveyance/successor trustee, etc. mean?

This is for one little rambler, since 1997 til now, 18 different listings on the recorder's office for the current occupant. What did the owner do to have 18 different listings in 13 years?

NOTICE OF TRUSTEE SALE FIREMAN'S MTG
WARRANTY DEED CHAUSEE CORP
DEED OF TRUST PIONEER NATION T INS
WARRANTY DEED (SELLER)
DEED OF TRUST LYNNWOOD MTG
ASSIGNMENT DEED OF TRUST/MORTGAGE (BUYER)
DEED OF TRUST NORWEST MTG
FULL RECONVEYANCE BACCI TRUSTEE INC
DEED OF TRUST WELLS FARGO
DEED OF TRUST IRWIN MTG
FUL RECONVEYANCE WELLS FARGO
APPOINTMENT OF SUCCESSOR TRUST WELLS FARGO
FULL RECONVEYANCE WELLS FARGO
DEED OF TRUST WELLS FARGO
DEED OF TRUST WELLS FARGO
FULL RECONVEYANCE WELLS FARGO
APPOINTMENT OF SUCCESSOR TRUST CITICORP
FULL RECONVEYANCE CITICORP

Answer: 3 deeds

7 mortgages

2 substitute trustee for a deed of trust

1 assignment of a dot

5 releases of the dot

What Happens When Your Home Sells at Trustee Sale


Trust Deed Cost

trust deed cost
Question: If a house is purchased in a foreclosure auction, what happens to the other liens?

A neighbor's house is up for auction (foreclosure). The lender has a deed of trust, there's a lien for the plumber, and a deed of trust for some business loan. When the foreclosure auction happens, what happens to the business loan deed of trust and the plumber's lien?

I expect the auction price to be high enough to pay the lender's deed of trust but not enough to pay the plumber and the business loan deed of trust. Will those two then come to me to pay it off? If so, I must bid with those costs in mind.
Washington state

Answer: they will be released but when geting this home get a title policy for yourself as well

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