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Joanne, Home Buyer in Canton, MA

what do i do when a title company is delaying the closing date on a foreclosed property, over 2 weeks?

Asked by Joanne, Canton, MA Mon Aug 25, 2008

home closing has been delayed over 2 weeks because the seller (the bank) is using an agency out of state to do title search and is delaying us

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Foreclosures are as is and sometimes there titles are clear or has not been foreclosured properly. Make sure you have an attorney check title before hand to help prevent any issues that may arise.
9 votes Thank Flag Link Sat Jun 16, 2012
Make sure you use an agent that has experience.
Flag Fri Aug 31, 2012
Glad I did not buy a foreclosed property.
Flag Tue Aug 28, 2012
This happened to me but my realtor Scott Manley worked thru it.
1 vote Thank Flag Link Sun Jun 17, 2012
Joanne- The title search is completed by your lenders attorney's office not the seller. Typically they have a title examiner at the Registry of Deeds and can complete a title search in days not weeks. I would have your attorney find out what the reason for delays is. This doesn't sound right. It must be something other than the title search maybe underwriting.
0 votes Thank Flag Link Wed Jun 20, 2012
Did you go to Canton High school Class of 1984?
Flag Thu Mar 7, 2013
Hi Joanne,

The MA foreclosure purchase process, is quite different than other sales. The sellers attorney does prepare the title for you and most often the title company that they work with is out of state,. And the reason is most likeley what Micheal talked about, but your own banks attorney should be in the loop on what the delay is. One thing to caution you on is to make sure extensions are signed by you and the bank selling the home. Also, review your Purchase and Sales to see if there is language that states you will be charged $150 a day for each day beyond the initial close date if its your fault....where it obviously isnt, make sure the other side of the table (the seller) is aware you are not the cause for the hold-up prior to the closing. You dont want any surprise charges when the closing does finally come.

Best of luck to you!


Web Reference: http://MelissaBMancini.com
0 votes Thank Flag Link Mon Aug 25, 2008
You can do a quick search yourself by entering the address at More than likely the transfer of deed from the previous owner to the bank has yet to be recorded.
0 votes Thank Flag Link Mon Aug 25, 2008
Thanks for the information.
Flag Thu Mar 7, 2013
In MA, The seller's attorney does not do the title work. The buyers bank attorney will typically do the title work and it can be completed in days not weeks.
0 votes Thank Flag Link Mon Aug 25, 2008
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