EllsBells wrote: NoPlunder wrote:snipped
Call me overanalyzing, but something just isn't jivin'. Beginning with Bob still listed as the taxpayer and now Copz insistence about a "trust."
snipped for space...
I'm just guessing, but it
could be that the Bashara "trust" is trying to sell the house during the "Statutory Redemption Period" --- which is a minimum 6 to maximum 12 months after foreclosure when the original mortgage holder can retain possession and try to come up with the funds to buy back the house....
...
If the house sold during this period, I'm thinking
the trust could then pay back the balance owed to Comerica ($63,000 plus other expenses)
and retain the remainder. That might explain why Bob is listed as the taxpayer as he still has some rights to the house and is liable for taxes until it is finally sold. Kind of a limbo state ...
...
...
Being in the "redemption period" does help explain the remaining Bashara furniture there as they have time yet to remove everything. So why didn't the lackeys leave more furniture rather than some miscellaneous ones and stage it properly?
BBM. Well, well well, Ells, very interesting points!! Here I was thinking it also very hinky-- a trust? Monster still the taxpayer? what the heck? how? And then, after looking up the broker, II Elite Real Estate Services (
http://janischiapparo1.point2agent.com ), I see the home is being sold by an REO agent. This firm specializes in "real estate owned property" -- those owned by lenders post foreclosure...
So I log on to share this thinking, nope no trust, it was a foreclosure.
Yet still puzzled by what I too had seen The End post a couple weeks ago about this whole foreclosure thing happening very quickly.
And BINGO!!! It hit me when I read your post just now--
could this so-called "trust" be nothing more than Monster's minions doing his work for him? Forming their own little "trust" somehow to work this? Nothing like a legal-on-paper-trust that we all think of, but rather perhaps the POA and some others just pitching together to buy and sell?
Otherwise, how could a home so underwater have any proceeds leftover after a sale?? Makes absolutely no freakin' sense! None!
Add to that, it explains entirely
why some of the things are left in disarray. Laundry supplies? No... those weren't laundry supplies. They just looked like things someone left behind. Same with the bookshelf.
The whole thing is odd & I think you might be on to something, Ells. I agree.