Posted by Bill Bronchick on March 16, 2004 at 12:39:25:
Well, taking the person’s word for it was your first error. Never trust anything a seller says, particularly if they are in foreclosure. You may have to hire an attorney and/or contact the bankruptcy trustee to get the deal approved.
Problem with Insuring Property Title - Posted by Alexander
Posted by Alexander on March 12, 2004 at 20:45:21:
We recently purchased a pre-forclosure property. Owner said that she was in bankruptcy, but was not anymore at the time of our conversation. We did an equity purchase, closed and while going thru refinance found out that Title company would not insure the Title, because of the bankruptcy. Title is being held by the bankruptcy court. What is the best way to proceed in this situation?