Q: Y would Mission Capital Advisors be doing a deed for homeowner in foreclosure that is listed for sale now Worked it out
house has been listed for sheriff sale 3 times, have filed 2 times, 7 1st then a 13 that was denied conformation. Now I see they are cleaning up things etc. Recorders office shows the mortgage transferred to Wilmington Trust NA, TR. It is a corporate assignment of mortgage document that looks like it moved mortgage from Nations Star Bank to Wilmington Trust. Why would a bank do that when house is in foreclosure? Does this mean the owners are staying and the home is not being sold?
A: Maybe. Before a Confirmation of Sale homeowners have a lot of options to save their home. Banks also often assign troubled loans, even while the foreclosure is going on.
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