Home Buying in 18508>Question Details

labaxter, Renter in Clarks Summit, PA

Quiet title question??

Asked by labaxter, Clarks Summit, PA Tue Apr 22, 2014

We are supposed to close on our house in two days and our attorney called yesterday and said there was an issue with the title. He said it had to do with it being a quiet title (not a foreclosure) and the house, which was built in 1913 at some point was sold by someone who didn't own it. His title company won't insure it and he said personally he would walk. The seller's title company said they would insure it as well as indemnify for our atty. Our atty. declined on his part. The seller's atty talked with my husband and said that the title is actually clear and they would be willing to insure it for us. This house is perfect for us, we love it, but the one person we for sure know we can trust is our attorney. Sorry this is so complicated! But this is our first house and we don't have any idea what is best to do. We would still have insurance through the sellers company, but is this not a smart move?? Help!

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That seems like a messy situation. My advice is to speak with a lawyer who specializes in real estate law. Sorry this doesn't answer your question, but hopefully somebody will know better.
0 votes Thank Flag Link Tue Apr 22, 2014
Thanks, messy is exactly what it is. The 2 lawyers involved are conflicting in their opinions. How can one company say they will insure it and another say they won't. What is our risk, since we have to get it insured either way?
Flag Tue Apr 22, 2014
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