I had put an offer in on a forclosed home. We waited about 3 weeks before someone called on sunday

Tabitha Rhuback
Both Buyer and Seller
Irmo, SC

night, stating that the home will be taken off the market because they can not find the deed? Why is it so hard to locate? cant they just contact the forclosed attorney, or recordes dept? what happens with my offer?

Answers (3)
Bill Eckler-Flo...
Agent
Venice, FL

Tabitha,

Who contacted you with this information? This is definitely unusual and sounds like there is much more here than meets the eye.

We would suggest requesting your agent to look into this by being in touch with the bank for supportive information. Or do this leg work yourself and request information on the current status of your purchase offer.

Good luck

Fri Jan 16 2009, 06:14
Lynn911.com Dal...
Agent
Dallas, TX

WOW odd, your offer would be tabled till future notice. Sounds weird... with any foreclosure is drama not due to listing/buyers agent bank. Keep looking

Web Reference: http://www.lynn911.com
Wed Jan 14 2009, 20:52
Donna Reed
Agent
Columbia, SC
FIRST ANSWER

I only had one similar situation, but it was mainly because it was a 'For Sale By Owner'. The owner thought he had to obtain the deed before he could sell the home. I told him to let the buyer's attorney obtain it.

In the title search, the buyer's attorney found several law suits against the owner that became judgements. It became a big hassle to get through, but with my advise, the seller's were finally able to transfer clear title on the home.

I have several questions. I feel like I am missing something in your explaination. If this was a foreclosure, they can not have lost the deed. Are you sure the home was not just falling into forclosure? Were you dealing with a realtor or the homeowner? It can take three weeks to get a bank approval on a short sale or a bank sale, but some of the other factors do not add up.

-Donna

Wed Jan 14 2009, 11:28

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