ASSET-BACKED SECURITIES TRUSTS

HIGH BID AN AVERAGE OF 85% OF ORIGINAL DEED OF TRUST

High Bid average for HOAs auction is 3%

HOA DEED P RICE

In county public records, if the sale price is below six thousand ($6,000) dollars, then the record reflects
the amount as zero dollars.

Only two (2) examples in Wake County were found with the HOA sale price.

NOTE: Both women are listed in 2017 as the owner-of-record for the property.

LINDA M. NUNALLY

$7,500

HOA DEED
three (3) years after the
HOA foreclosure

See documents below

MADELINE BURDON

$3,000

HOA DEED
two (2) months after the
HOA foreclosure

See documents below

Foreclosure documents for Ms. Nunally and Ms. Burdon are found on the following pages.

Full documentation for Error: Reference source not found begins on page Error: Reference source not
found

Page 2
 T IMELINE

HOA DEED
three years after HOA foreclosure

Note the HUD assignment was exactly five (5) years from the Deed of Trust.

Owner of record:
LINDA NUNALLY

SPECIFIC DOCUMENTS ARE ON THE FOLLOWING PAGES

Page 3
The full diagram, details and documentation begins on page Error: Reference source not found

HOA FORECLOSURE
LINDA NUNALLY

5-23-2011

Property Management:
H.R.W. Inc. / Associa

$2,913

Page 4
 Cross-reference:
Error: Reference source not found, page Error: Reference source not found
Error: Reference source not found, page Error: Reference source not found
ASSIGNMENT TO HUD

LINDA NUNALLY

Page 5
 FILED
9-18-2013

No instrument #

FIVE (5) YEARS

Deed of Trust
6-27-2008

Assignment
6-4-2013

Bank of America
Christy Cafferty
Los Angeles, CA

Page 6
 HOA DEED

Three (3) years after the HOA foreclosure

7-22-2014

Attorney
Jeffrey J. Goebel

$7,000

Page 7
 M ADELINE B URDON
HOA Foreclosure

10-16-2007

Commissioner
Hope Derby Carmichael

Property Management:
RS Fincher & Company

CLAIM OF LIEN
8-16-2006

Filed ten (10) months after

purchase on 9-30-2005

HOA FORECLOSURE
10-16-2007 $2,634
$2,634

HOA DEED
back to Ms. Burdon
12-19-2007
$3,500

Page 8
 Cross-reference:
Error: Reference source not found, page Error: Reference source not found
Error: Reference source not found, page Error: Reference source not found
HOA DEED
MADELINE BURDON

Page 9
 12-19-2007

Attorney
Jeffrey J. Goebel

President
Edgehill Farms Homeowners
Association, Inc.

Page
10
 DOVER VILLAS

DOVER VILLAS HOMEOWNERS ASSOCIATION, INC.

Property Management:
ASSOCIATION MANAGEMENT GROUP

Page
11
 ATTEMPTED BUSINESS REGISTRATION

Rossabi, Black & Slaughter, P.A.

(formerly Forman, Rossabi & Black, P.A.)

Attorney Steven E. Black

attempted in April 2015 to register

DOVER VILLAS HOMEOWNERS ASSOCIATION, INC.

for an identical

Business Corporation

in addition to the HOAs established Non-Profit Corporation

Cross-reference:
Error: Reference source not found, page Error: Reference source not found
Page
12
 M ARLITA R ANDOLPH

DOVER VILLAS HOMEOWNERS ASSOCIATION INC.

3105 Leo Drive, Guilford County

Property Management:
ASSOCIATION MANAGEMENT GROUP

Page
13
T IMELINE

Page
14
 DATES

Property owner Marlita Randolph:

Deed November 2003

9 Months
Claim of Lien filed July 2004

HUD assignment April 2005

2.5 Years
The Special Proceeding Hearing: September 2005
2 Years The Report Date December 2005

Commissioner Deed December 2006

9 Months
HUD Assignments filed March 2007

HOA Foreclosure Notice filed September 2007

4 Months
Bankruptcy Notice filed January 2008
3 Months
HOA DEED March 2008

With no recorded auction date, there was 2.5 years between the Claim of Lien filing and the
Commissioners Deed filing. There is no record of when the HOA actually took possession, but a year
between the report date and the filing of the Commissioner Deed.

Page
15
 ROD SUMMARY

OMITTED

COMMISSIONERS
DEED
12-20-2006
B: 6654 P: 691

&

Bankruptcy Notice
1-2-2008
B: 6833 P: 2220
(see on following pages)

Substitute Trustee
HUD Assignment

HUD to SFJV 2004-1 LLC

Substitute Trustee

NOTICE

Substitute Trustee
Deed
NOTICE

HOA DEED

NO ASSIGNMENT TO:

Bank of New York, not individually but solely as

Trustee for the holders of Bear Stearns Asset
Backed Securities Trust Series 2006-SD3, c/o
Wells Fargo Bank, NA 3476 Stateview Blvd., Ft.
Page
Mill, SC 29715
16
 HUD ASSIGNMENT
Prepared by:
Ryanne Newbold
First American Title Owner: MARLITA RANDOLPH
Special Default Service Division
Deed of Trust Assignment #1
Return To is a label over original:
SMI / Wesley Hess Filed 2 years later
PO Box 36369
Houston TX 77296-9901 Two (2) ROD stamps
2005 & 2007

3-26-2007

Record First

Stacy L. Kirkendall
AVP for MERS, Inc.

Dated: March 11, 2005

Notarized: March 28, 2005

Page
17
 A-I-F ASSIGNMENT

ROD stamp
2005

Filed same day

as above

Note:
The addresses of
HUD
and
SFJV 2004-1, LLC
are the same.

Record Second

Peggy A. Russo
Authorized Agent

April 5, 2005
Two (2) years before ROD filing

Page
18
HOA FORECLOSURE

OMITTED

from
ROD Summary

12-28-2006

Dover Villas HOA

both Grantor and Grantee

FILED 2.5 YEARS

after
Claim of Lien
Page
19
Pages 2 & 3

Signed by HOA President

$3,067

Report date
12-14-2005

One year later

Filed
12-28-2006

Page
20
SUBSTITUTE TRUSTEE

Appointment filed:
9-6-2007

Five (5) days before

Notice of HOA foreclosure

No assignment

Page
21
 BANKRUPTCY NOTICE

OMITTED

from
ROD Summary
HOA DEED 1-2-2008
Two (2) months later

Notice of Foreclosure
9-11-2007

Page
22
 HOA DEED
The return to address for the owner is the foreclosed property months or year earlier.

HOA DEED filed

3-12-2008

Two (2) years after

the HOA Foreclosure was filed

Four (4) years after

the Special Proceeding

HOA DEED
signed by HOA President

Notary:
RBS foreclosure attorney
Ashley S. Collier Page
23
SUBSTITUTE TRUSTEE DEED

Page
24
 11-21-2008

c/o Wells Fargo Bank

3476 Stateview Blvd.
Ft. Mill, SC 29715

$86,615

Page
25
PROPERTY TAX PUBLIC RECORDS

Page
26
 R ODNEY R ATLIFF

DOVER VILLAS HOMEOWNER ASSOCIATION

3012 Windsor Creek, Forsyth County

Property Management:
ASSOCIATION MANAGEMENT GROUP

Page
27
TIMELINE

Page
28
ROD S UMMARY

Page
29
 Purchase Price
$96,000

Deed of Trust
K. Hovnanian
Mortgage
$95,100

Substitute Trustee
HOA Foreclosure #1
Notice

HOA Foreclosure #2
Notice

Loan Assignment
Substitute Trustee
Substitute Trustee
DEED
Notice

HOA DEED #1
HOA DEED #2

Linda Ratliff
(deceased)
foreclosure

Page
30
 DEED OF TRUST

K. Hovnanian American Mortgage, LLC

Page
31
 3-30-2004

$95,100

Page
32
APPOINTMENT OF SUBSTITUTE TRUSTEE

2-9-2007

No Loan Assignment
To
Chase Home Finance, LLC

2012 assignment:
K. Hovnanian
to
JP Morgan Chase Bank

See following page

Page
33
 HOA FORECLOSURE #1

7-29-2009

FIVE (5) YEARS

from the
Deed of Trust

Association Management Group

No Claim of Lien
date or number

$2,154

Report Date
3-12-2009

Page
34
HOA DEED #1

9-9-2009

Page
35
 HOA FORECLOSURE #2

12-21-2010

$2,033

Report Date
9-23-2010

Page
36
HOA DEED #2

Ten (10) months later

9-28-2011

Page
37
2012 ASSIGNMENT

8-7-2012

Page
38
SUBSTITUTE TRUSTEE

9-27-2012

Page
39
SUBSTITUTE TRUSTEE DEED
Page 1 of 2

5-15-2013

Page
40
Page 2 of 2

Page
41
 $43,200

Page
42
TAX RECORDS

Ratliff is listed
paying property
taxes during
the two (2)
HOA
foreclosures

Page
43
 GUILFORD COUNTY GIS R ECORDS

OMITTED

TWO (2) HOA

FORECLOSURES

&

TWO (2)
HOA DEEDS

FIROZALI S. MALIK
B:7558 P: 2966

SUBSTITUTE TRUSTEE
DEED

RODNEY RATLIFF
2004 PURCHASE

Page
44
ZILLOW .COM

RODNEY RATLIFF
2004 PURCHASE

Page
45
 E BONY R AMSEY

DOVER VILLAS HOMEOWNERS ASSOCIATION INC.

109 Queensbury Ct., Guildford County

Property Management:
SLATTER MANAGEMENT SERVICES

Page
46
Page
47
TIMELINE

Page
48
 ROD S UMMARY

Deed of Trust
K. Hovnanian
$113,300

NO ASSIGNMENT
to CitiMortgage

HOA Foreclosure
Notice

Substitute Trustee
Substitute Trustee
Deed
Notice
Notice

HOA DEED

Page
49
DEED OF TRUST

11-28-2005

$113,300

Page
50
 HOA FORECLOSURE

Slatter Management Services

Report Date
2-23-2007

Ten (10) months later

HOA Foreclosure
filed
12-19-2007

Seven (7) months

later

HOA DEED
filed
6-25-2008

Report Date
2-23-2007 $2,369

Page
51
 SUBSTITUTE TRUSTEE

Substitute Trustee
HUTCHENS
&
Trustee for Merrie Foster
see below

3-10-2008

No Assignment to
No Assignment CitiMortgage

Page
52
HOA DEED

6-25-2008

Page
53
SUBSTITUTE TRUSTEE DEED

6-15-2011

Assigned to HUD

$148,962
Deed of Trust
$113,300

Page
54
 GUILFORD COUNTY GIS

OMITTED
FROM COUNTY GIS Screenshot 10-15-2015

HOA foreclosure
$2,369
B: 6828 P: 1845

HOA DEED
$0
B: 6907 P: 2060

Substitute Trustee foreclosure

$148,962
B: 7247 P: 1400

No record of sale price

Merrie Foster Deeds of Trust

$68,702

Screenshot 11-27-2016

Merrie Foster Deed

B: 7267 P: 2033
see below

Sale History
and all sales figures
were removed in
late 2016

Page
55
 ZILLOW RECORDS

SUBSTITUTE
TRUSTEE
FORECLOSURE

Assigned to HUD

No record of
HOA DEED or payment

HOA FORECLOSURE

Ramsey Purchase

Page
56
COUNTY TAX RECORDS

$68,702 Merrie Foster Sale

Page
57
MERRIE FOSTER

8-26-2011

Ron Hutchison
HomeTelos, LP
Tennessee

Page
58
DEED OF TRUST

8-26-2011

Bank of America

Attorney
Anthony P. Donato

$37,202

Page
59
 HUD S ECOND MORTGAGE

8-26-2011

HUD
Second Mortgage
$31,500

Satisfaction 10-5-15
Book: 7747 Page: 718

Special Warranty
Deed

signed by
HUD contractor:
Ron Hutchinson
HOME TELOS, TN

Notarized by Attorney
ANTHONY P. DONATO

Page
60
 K IMATIA M ITTMAN

DOVER VILLAS HOMEOWNERS ASSOCIATION, INC.

105 Heritage Creek, Guilford County

Property Management:
ASSOCIATION MANAGEMENT GROUP

Page
61
TIMELINE

Page
62
 ROD S UMMARY

OMITTED

Assignment
B: 5445 P: 1530

Loan Modification
B: 7758 P: 1052

Dated
1-1-2013
filed 3 years later
11-10-2015

Deed of Trust
K. Hovnanian Mortgage
$105,300

SUBORDINATE D of T
Secretary of HUD
Amount of HOA foreclosure
$4,636

Substitute Trustee

HOA Foreclosure
$4,636
High bid by HOA

HOA DEED
Two (2) years later

Page
63
ASSIGNMENT

Page
64
 MODIFICATION / SUBORDINATION

11-10-2015
Book 7758 Page 1053

Return To:
TIMIOS, INC
5716 Corsa Ave., Ste 102
Westlake Village, CA 91362

Original Principle: $105,300

New Principle: $ 87,057

Secretary of HUD
$4,636

DATED
7-12-2013

FILED ON
12-10-2013
Page Book 7557 Page 1341
65
GUILFORD COUNTY GIS RECORDS

Sales History removed and

Screenshot: 11-2-2015
replaced with Card Image

All sales figures

have been removed

No history of HOA foreclosure,

Deed to HUD or Substitute
Trustee Deed

Screenshot: 12-7-2016

HOA DEED
Page
66
Page
67
 K ENYUN D. & M IA L AWSON

DOVER VILLAS HOMEOWNERS ASSOCIATION, INC.

116 Queensbury Ct., Guilford County

Property Management:
ASSOCIATION MANAGEMENT GROUP

&

CARRIAGE WOODS PROPERTY OWNERS ASSOCIATION, INC.

511 Peach Orchard Dr., Guildford County

Property Management
COMMUNITY ASSOCIATION MANAGEMENT

Page
68
 Cross-reference:
Error: Reference source not found, page Error: Reference source not found

Page
69
DOVER VILLAS HOA

2004 - 2010

Note:
NO ASSIGNMENTS

Page
70
DOVER VILLAS HOA D EED

Page
71
 10-1-2004
Dover Villas

DOVER VILLAS HOA D EED OF TRUST

Page
72
 10-1-2004
Dover Villas

National City Mortgage Co.

$98,900

Page
73
SUBSTITUTE TRUSTEE

6-21-2010
Dover Villas

Deed of Trust
National City Mortgage

No Assignment
to PNC

Page
74
SUBSTITUTE TRUSTEE DEED

Page
75
 9-8-2010
Dover Villas

$78,300

Deed of Trust
$98,900

Page
76
Page 2 of 2

Page
77
Page
78
NOTICE

9-20-2010
Dover Villas

No
PNC Assignment

Page
79
 TIMELINE

CARRIAGE WOODS PROPERTY OWNERS ASSOCIATION, INC.

Page
80
 ROD S UMMARY

CARRIAGE WOODS HOA

2007 - 2015

Three (3)
Substitute Trustees

Six (6)
Assignments

HUD Assignment
TWO (2) YEARS PRIOR
to SALE of the property
by Lawson

HUD

Page
81
CARRIAGE WOODS DEED

10-23-2007
Carriage Woods

Page
82
CARRIAGE WOODS DEED OF TRUST

Page
83