Fannie Mae claims to have owned my mortgage a month BEFORE we bought the house!

[ms.smiler]

21. Customerserviceguy, would you kindly comment for me on an unusual situation?

There is something that puzzles me in my local land records. My state is a must record state, within 90 days of conveyance.

There is a property that had a Sheriff Deed in the name of an S & L that was closed during the scandal. During the same period I see many documents recorded on other properties in the name of the defunct S & L and Resolution Trust. It’s as though Resolution Trust came onto all the documents that were filed in the land records with that S & L. Satisfactions were filed in both names and both names appear on Assignments and Deeds. There is though that lone Sheriff Deed that doesn’t appear to have been conveyed, nor was there a mortgage that was filed or conveyed.

It really appears to me that Resolution Trust missed the one property. The Title remained unchanged for 20 years until a Quit Claim Deed was filed to an individual from a mortgage servicer and authorized agent for Wachovia current successors in interest to the S & L. Wachovia though doesn’t appear in the chain of Title.

So I’m wondering how Wachovia appears and becomes involved in the property. What was conveyed to them and what could they possibly convey?

So at the point where the Quit Claim Deed was filed, how readily would Title to the property be insurable? Should an individual in that situation be satisfied with such a Quit Claim Deed? Is such a property marketable?

I appreciate your experience and expertise, thank you.