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I love Jim's comment about you perusing a train wreck. That is oh so true with short sales and REO's.
With no many people not paying their mortgages, it is understandable that mistakes will happen.
If you love the property, work with them as they settle their side of the issues.
I would hardly call this mistake fraud.
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It is not, in my opinion, fraud, although I am not an attorney.
Most have some kind of liens.....maybe taxes..maybe HOA fees ..and sometimes other liens.
In most cases we can get the liens cleared for you to give the buyer clear title.
That's why you have a title company do the research and provide title insurance against any defects they did not find.
Now this doesn't normally happen until you get a contract and start a search.
So while heartbreaking, frustrating, and probably a whole host of other descriptions.... I would think most people would not consider this fraud.
Believe me they want to sell the house. They want you to have it. However you do not want to buy it if there are liens that cannot be cleared.
I'm so sorry this has happened to you.....
Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
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