Another loan in the FHFA v BoA lawsuit – interest accrual for months after home is “liquidated” to new party

Another loan in a trust/tranche that is named in the FHFA v BoA lawsuit. This loan is in collateral group 4 in STALT 2005-1F trust.

This loan, for $136,000, was stated to be an 80% LTV but there was a 20% loan ($25,500) originated on the same day, buy the same originator, Suntrust/MERS.

Property sold to third party buyer on June 2, 2009 for $49,338 (see property appraiser site here) but not reported as “liquidated” until Sept 2009. The delinquent interest accrued in June, July, and August 2009 = $2506.

This loan’s cumulative loss booked to the trust is $160,666.85. (remember that the original loan balance was $136,000)

How are the proceeds from the sale, $49,338, accounted for? What is the meaning of the delay in reporting the “liquation date” and the additional months of interest accural?

Here is the warranty deed in Palm Beach County Official Records 23443/0469