Put a bid on a house - the real estate company took it off the market - said the title needed to straightened

Asked by Stephanie, 32821 Wed Apr 15, 2009

out. What does that mean and how long should it take?

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Tony and Hol…, Agent, Orlando, FL
Wed Apr 15, 2009
Stephanie... don't worry you are in good shape. Jim was right that you want a clear title so let this take its course and you will be better off. In my experience I have seen titles take over 3 months to clear... you will have to speak to your agent and see where you are in the process to judge how much longer it will take.

If you want to ask your agent where they are in the process you can give me a call and I will explain what will happen next and what you have to look forward to.

Either way good luck!

Tony Galarza
KG REALTOR® Group
of Keller Williams Realty
Direct: (407) 497-7688
Email: tony@kgrhomes.com

*Remember, When you think of Real Estate think of K.G.!
1 vote
James Pruett, Agent, Longwood, FL
Wed Apr 15, 2009
Stephanie--That is a good thing, you want clear title. Your Realtor should be able to follow up with the listing agency as to how title correction is proceeding.
0 votes
Broker Dave, Agent, Orlando, FL
Wed Apr 15, 2009
Stephanie,

It should mean that they found what is called a 'cloud' on the title, this could be a lien by a sudcontractor, HOA, tax lien or other problems that may have shown up after the foreclosure.

It could also mean they have a problem with the foreclosure process that was done.

Time that is the fifty dollar question, it be a week 3 months or never, if it's the property you want just hang in there and call or email the listing agent or auction company to get updates.

Take time to explore my profile located here on Trulia: http://www.trulia.com/voices/profile/Real_Estate_Pro-Orlando… and my website: http://two4oneoforlando.com

Dave Lowe, Broker Two4One of Orlando
GRI – ePRO – GREEN (Designations)

Innovative / Save Money / Great People
Web Reference:  http://two4oneoforlando.com
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