March 15, 2023 at 12:59 pm
Post count: 3
I have not, but I believe under the statute the sale should be considered VOID and a new foreclosure initiated. I am not sure how you rewind the sale to show that the Note and Deed of Trust are not cancelled so that the foreclosure can be redone, which will allow the borrower the opportunity to cure and continue with the loan. A legal action may be required to reinstate the note and deed of trust.
Question, how did this get missed? Did GTS not have tasks or a file status to catch this? If not, maybe we need to have GTS put safe guards into place so this doesn’t happen to anyone else.