A Mysterious Deed of Reconveyance, mentioned below |
Timeline
First up: the grant deed that started it all. Rule of thumb: never sign a grant deed without the valuable consideration staring you in the face and a contract that says the valuable consideration is yours, and what will happen if either party doesn't perform as contracted.
In this case, the lender and the trustee were not just affiliated, they were small companies owned by the same man. Of course, he and his trustee alter-ego were off the stage when the notice of default was filed, but strangely enough, the new trustee doesn't seem to know that. Val-Chris, which was supposed to be the former beneficiary, is still named as the beneficiary in this notice of default.
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