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what is "Assignment of Deed of Trust"?

Whew
Valued Member

what is "Assignment of Deed of Trust"?

Hi there.  My husband and I have been receiving notices from many peopl about our home.  We filed a chap 7 as we were 426k upside down-talk about negative equity.  So, a real estate agent told us we needed to move.  When I check the lenders records we were still listed as the owner.  Today I checked our county site and found this notice "Assignment of Deed of Trust" to REO properties.  At this point the house was not listed on a foreclosure site.  We were hoping to rent back the house from whomever purchased it.  I've been trying to find information on REO properties to no avail...
 
Does anyone know if REO properties is a agency that then sells foreclosed homes?
 
BTW:  Since filing our scores have shot up.  They're all in the mid 600.'s.  We hope to find a house that we can lease to own.
 
Thanks!
 
Tonya
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