ComeBuyAHouse.com » foreclosures http://www.comebuyahouse.com/wordpress Come Buy A House in Seattle Fri, 05 Nov 2010 23:03:26 +0000 en hourly 1 http://wordpress.org/?v=3.0 How can I understand the sales history of a foreclosed home? http://www.comebuyahouse.com/wordpress/2009/06/26/how-can-i-understand-the-sales-history-of-a-foreclosed-home/ http://www.comebuyahouse.com/wordpress/2009/06/26/how-can-i-understand-the-sales-history-of-a-foreclosed-home/#comments Sat, 27 Jun 2009 05:54:22 +0000 hensley.lynette http://www.comebuyahouse.com/wordpress/?p=234 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)

]]> http://www.comebuyahouse.com/wordpress/2009/06/26/how-can-i-understand-the-sales-history-of-a-foreclosed-home/feed/ 0 U.S. Sets Big Incentives to Head Off Foreclosures http://www.comebuyahouse.com/wordpress/2009/03/05/us-sets-big-incentives-to-head-off-foreclosures/ http://www.comebuyahouse.com/wordpress/2009/03/05/us-sets-big-incentives-to-head-off-foreclosures/#comments Thu, 05 Mar 2009 17:03:21 +0000 hensley.lynette http://www.comebuyahouse.com/wordpress/?p=96 From the New York Times
Business
U.S. Sets Big Incentives to Head Off Foreclosures
By EDMUND L. ANDREWS
Published: March 5, 2009
The Obama administration began an ambitious effort to help troubled homeowners, offering lenders and borrowers big incentives.
http://www.nytimes.com/2009/03/05/business/05housing.html
Lynette Hensley
Associate Broker
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