Old 11-06-2009, 12:51 AM   #1 (permalink)
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VERY weird

I have a 1st with Wachovia $732,000

I have a HELOC with WF $50,000

House is worth maybe $750,000, $700,000 at a fire sale

I wrote WF offering to settle

They called telling me they would not as they were in first position

I said impossible

They said they were

I called Wachovia who said no, THEY were in first position

I called my attorney who pulled recorded deeds that show that for some reason WF recorded a deed before Wachovia

I am going to write each a letter asking them for verification of their position.

I assume that if WF is indeed in a first position that I have more bargaining power with them.

Should I ask for a deed of trust from each entity?

I am still in their BK department so no activity from either bank.

Advice?

Thanks


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