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Old 03-31-2011, 01:31 PM
 
Location: Anson,Maine
251 posts, read 209,174 times
Reputation: 50

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Quote:
Originally Posted by Okey Dokie View Post
You are correct. In my mind "buying a foreclosure" is the same as "buying REO" and that is not always the case.....

If you buy on the courthouse steps could the house still be saddled with 2nd mortgages, property taxes liens, IRS Liens, etc.?? Or does the foreclosure action wipe everything off?
Foreclosure wipes out nothing especially if it was an illegal one.
If it was not then the foreclosure claim would identify what happened.
You really should learn about title researching.
Because none of the agents can be trusted.
They are the ones that created this mess in the first place.
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Old 04-27-2011, 12:52 AM
 
5 posts, read 12,068 times
Reputation: 28
What color crack do you smoke? You could have a fraudulent deed in the chain of title and if there's a policy afterwards (which I guarantee there is), you're fine. Maybe YOU should learn about title "researching" and more importantly how title insurance policies work
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