U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Real Estate > Foreclosures, Short Sales, and REOs
 [Register]
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
 
Old 01-06-2011, 08:43 PM
 
1 posts, read 2,444 times
Reputation: 10

Advertisements

so we're all set to go to closing on our end (loan has been completely approved). a week before christmas 2010 we found out from the title company that there are liens on this property dating back to 2009 (two from 2009 & 2 from 2010). the house was purchased at sheriff sale in july 2010 by countrywide home loans. Seeing as how all liens were placed on this property before the sheriff sale, shouldnt all liens have been satisfied before the sale? The different parish departments all have different information. Code enforcement is telling me the liens are valid( 3 of the liens come from code enforement for grass cutting service & 1 is from dba aka dangerous building). the clerk of court dept is telling me 2 of the liens are valid but they do not know which ones. mortgage and conveyance dept is telling me none of the liens are valid, they were taken care of in july of 2010 when the house was purchased at sheriff sale. The title company is telling us its going to take several weeks to pay and process the liens and that the "foreclosure creditor" has to handle this. If this is a HUD home is it possible for us to call or write HUD and have them put pressure on these people to get this thing paid faster, if it is really due?!? Im lost here! The total amount of all the liens is $2100 (1 for $980 lawn maint...2 for $250 each for lawn maint...1 for $650 for dba). any advice on this situation would be appreciated!
Reply With Quote Quick reply to this message

 
Old 01-08-2011, 03:20 PM
 
Location: New York
1,123 posts, read 2,193,065 times
Reputation: 746
Quote:
Originally Posted by bink2011 View Post
so we're all set to go to closing on our end (loan has been completely approved).....you mean pre-approved, a Lender will not set closing until a Title Search has been performed.

a week before christmas 2010 we found out from the title company that there are liens on this property dating back to 2009 (two from 2009 & 2 from 2010).... title company doing their job..

the house was purchased at sheriff sale in july 2010 by countrywide home loans. Seeing as how all liens were placed on this property before the sheriff sale, shouldnt all liens have been satisfied before the sale?.... Realize you are not buying a problem-free property.....

The different parish departments all have different information. Code enforcement is telling me the liens are valid (3 of the liens come from code enforcement for grass cutting service & 1 is from dba aka dangerous building)........code enforcement? - similar to a Home Assoc in a planed living community, they are probably the ones that helped put the lien on the home in the first place. They may contract a contractor to maintain the property. The last home owner didn't pay the Maintenance fee..... Had a loan with this situation years ago)..

the clerk of court dept is telling me 2 of the liens are valid but they do not know which ones....They can only comment what is in their records

mortgage and conveyance dept is telling me none of the liens are valid,
they were taken care of in july of 2010 when the house was purchased at sheriff sale..... this is not true, funds for the sale go to towards the loan. Any liens attached to the title, are passed on the the new owner. This they are so sure of themselves, tell them you want it in writing!!!!

side note - a mortgage company will require these to be paid on the hud statement. They will require the title to be free and clear.

The title company is telling us its going to take several weeks to pay and process the liens and that the "foreclosure creditor" has to handle this.. don't hold your breath waiting for this, strong suggestion, work the title company at least once a day asking for updates.

If this is a HUD home is it possible for us to call or write HUD and have them put pressure on these people to get this thing paid faster, if it is really due?!? Im lost here!.... What do you expect? Again you are not buying a problem free property...

The total amount of all the liens is $2100 (1 for $980 lawn maint...2 for $250 each for lawn maint...1 for $650 for dba). any advice on this situation would be appreciated!... Simple to understand -whoever your are buying the property from, make them take this out of the sales price for the property. Continent to you buying the home. The title company will then pay for the liens. If it is discovered they were taken care of, the title company refunds the money to the person you are buying the property from. This is done regularly at mortgage closings...
What you describe - is one of the reasons why people buy title insurance!!! Most Lenders will require this to approve a loan....


Reply With Quote Quick reply to this message
Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $84,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate > Foreclosures, Short Sales, and REOs
Similar Threads

All times are GMT -6.

2005-2014, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top