It could be a couple things that went wrong. I list a couple that come to my mind:
Problem with the foreclosure making it so the lender needs to re-foreclose.
Easement or enchrochment issues that need to be resolved with the neighors.
Possibly land locked with no access to the property.
Other liens that need to be resolved.
Issues with the timing of recording of the various liens. If something was recorded before the primary lien it would create a big issue for the primary lien.

These are the issues that I can think of quickly and should give you an idea of what might be happening.


Keith Manson
First Weber Group
Certified Distressed Property Expert
Greenfield,Wiscosnin

You could also hire your own title examiner to find out the reason for the title issues, ask your attorney for a referral to the title examiner they use. It'll be on your dime but they should be able to clarify what the issue is and give you a better idea of the job to clear it up.

It sounds like they couldn't produce a clear title. Title issues can range from simple to complex. Some exammples: improper posting for the foreclosure period, a boundary dispute, a lien on the property that they didn't know about, an improperly discharged prior mortgage. Some are easier to clean up than others.

If you are buying a foreclosed property, be sure to have a good attorney representing you!

Hello- Title issues will often become financing issues, as the lender will conduct a full title search, and will dig pretty deep especially if it is a REO (bank or Fannie) owned property. So my guess is there is some issue or cloud in the chain of title that needs to be resolved, and that can take a while to research and track down the names of people involved to rectify or get affadavits, etc.
Sometimes these things can take many months or years. Might be better to look at another property on the market. Thanks and good luck,

Ken L.