How can I understand the sales history of a foreclosed home?
Question:
I’m looking at the sales history of a foreclosed home that has been in the market for quite some time. It shows 6 different file dates –one in 2004 another in 2005, 2 in 2006 and the last one in 2008. What do the abbreviations under “Instr Type” mean–TRD, D/T, WD, and SWD? What do these all mean?
Answer:
Your Question:”Instr Type” mean–TRD, D/T, WD, and SWD?
Instrument type–the type of deed that conveys ownership
The types of deeds available and their means of conveyance vary from state to state.
TRD = Trustee Deed or Deed of Trust A trustee’s deed is often used in bankruptcy
D/T = Deed of Trust — this is the deed that allows the lender to have an interest in the property
WD = Warranty Deed — this is the deed that is most often used to convey property from seller
to buyer in a purchase transaction
SWD = Special warranty Deed — this is used in REO/bank owned/Repo or foreclosure sales where the property is held for a very short time, and not occupied by the seller. It’s warranty only warrants the period of time that the seller has owned the property.
Caveat: This is general information only, when dealing with deeds and foreclosures, it’s wise to have legal assistance beyond your real estate professional.
Lynette Hensley — Associate Broker
(Asked and answered on Zillow)