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Why is the Plaintiff name different from the Mortgage Lender?

I noticed in the Auction Info it lists a Plaintiff then in the Liens & Judgements info it lists a Mortgage Lender with a different name, usually somehing like Wilmington Trust Company Not In Its Individual Capacity But Solely As Successor Trustee To Us Bank National Association As Trustee For Mastr Alternative Loan Trust. Are these the same entity?

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Posted 5 months ago
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Answers


There are a few reasons for this.

Firstly the lien listed in the "Liens & Judgements" section could be a different lien than the one foreclosing.

Secondly often times mortgages are "assigned" to other banks, basically they are bought and sold and the foreclosing party ends up being a different name than the original mortgage company listed on the face of the mortgage document. This is evident when the new bank files legal docs against the mortgagor and you see a new name there which can be traced back to the original bank via assignment of loans.

Here is an example of this from a title search we did yesterday:
Screenshot 2024-07-24 at 8.43.24 AM.jpg

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Posted 5 months ago
Damon Simon
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1 Answer
5 months ago
5 months ago

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