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Bill Rutkows…, Home Buyer in Port Charlotte, FL

CONTRACT ON A BAD FORECLOSURE

Asked by Bill Rutkowski, Port Charlotte, FL Sun Feb 13, 2011

Title search indicates liens after a foreclosure,already appraisal and Insp done ready to close and now this from title co,waiting on bank to decide what to do,what are my legal recourses ? This is a TOXIC FORECLOSURE ? Thank you

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Yes, this is one of those 'toxic' foreclosures, and you wouldn't be able to get a clean title or title insurance until those lien issues are resolved. If you got a good deal, and can afford to wait however long it will take for the seller to clear all of that up, then you might consider waiting.
0 votes Thank Flag Link Sun Feb 13, 2011
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