Trustee Deed not received within 15 days?


#1

I been calling ReconTrust to get the deed mailed out soon and even faxed them the letter to expedite it. But it been over 15 days and still nothing. I called them and they said they are waiting for finance dept. approval (funds to make sure they are deposited or something). I was also told that the audit has been completed so deed is ready to be send out, just waiting for some finance dept. approval.
any implications?
thanks


#2

Hi MS,
If the Trustees Deed is not recorded within 15 days of the sale date then the effective date will be the date of the recording of that document. If recorded within the 15 days then the effective date is the actual date of the sale. There is a certain exposure there that additional documents could be recorded during that time that could create some problems. Not likely but certainly a possibility.