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Why is an accurate “last known address” of the last known owner vital?

April 26, 2017accurate known owner vital

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Why is an accurate “last known address” of the last known owner vital?

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Failure to send notice to an accurate business or residence address of the last known owners may invalidate the foreclosure. Search all your records completely and carefully. If the borrower has more than one loan with your firm, review all sets of records. If the borrowers are married and you receive word from one of them that (s)he is no longer residing at the property address and you are provided with a new address, be sure to communicate that information to the trustee as soon as possible.