Foreclosure in Brooklyn>Question Details

Vasiliy, Both Buyer and Seller in

i actual have two part question. if house is foreclosed and bank owned is it free and clear

Asked by Vasiliy, Tue Dec 2, 2008

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Hi Vasily,
If the title that you receive is a quit claim title, you may be obligated to pick up back taxes and other liens.
You need to have YOUR Realtor check out what the terms of the purcg=hase agreements are.

I hope that you have an AGENT that is representing YOU. The Agent that has the listing works for the SELLER. The seller is paying all of the commission, regardless of whether there is one or two Realtors involved.
You need someone representing YOU.
If I can be of assistance, please do not hesitate to call me at (440) 487-2193 or e-mail me at
0 votes Thank Flag Link Tue Dec 2, 2008
Yes a buyer cant close unless the title company has approved the title IS NOT CLOUDED, if so then those are resolved via title company with seller you are not involved with any of those issues.
Web Reference:
0 votes Thank Flag Link Tue Dec 2, 2008
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