We've seen four different homeowners come to us from different source in the past two weeks with letters indicating that their homes were in foreclosure.
The homeowners are referred to us from different sources: one from a title company referal, one from a mortgage auctioneer, one from the County Recorders' info desk staff, and one through my brother-in-laws foreclosure subscribers, all bearing a form that is formatted to look very similar to a Foreclosure Radar report, and all saying that the homeowner is in mortgage default.
Three appear to bear the name "On Point" and the fourth, I suspect of this, but do not have independent confirmation thereof.
After checking both title plant runs and the County's GG Indices (and tax rolls, etc), we find no indication of a foreclosure action AT ALL on three of the properties. The fourth property owner was sent a letter just after they had purchased the property from Deutsche Bank free and clear. The bank and the new buyers had done their due diligence and verified no superior or existing liens, and we double checked this with further verfication.
No indicators of civil lawsuit actions filed recently, nor other action in the Superior Courts, as to the current or prior owners (a nonstandard and highly unusual "foreclosure" indeed, where this the case, given California's nonjudicial foreclosure state status, and that only one is memorable to have happened in such a manner within the past 25 years - to the memory of both me and the local auctioneer whose done this work even longer than I have).
Sooooo.... Is "On Point" a scam? Anyone else with experience is welcome to put their two-cents in. We've already alerted our County Assessor - Recorder of this, so word should be going out soon.
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