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I will get a certified copy from the county recorders office. My agent said there's some disclosures that needs to signed by the sellers before they can give me the key. I do not know what is the deal between them but I need access to my own house.
I have a similar thing going on for me as well. I was recorded on the deed back on the 12th but due to repairs that the REO bank owners have not completed I am not able to complete funding and it looks like the deal is going to fall apart...despite me owning the property on paper. I'm seeking an attorney's advice (though he couldn't see me until 3/29) but am wondering if I'm going to get into any trouble as we were meant to close tomorrow and I was to start making payments April first--which I'm sure this won't be settled by then. Anybody ever hear of this problem before? Should I be worried? Any advice?
Just for clarification of the process, in CA you sign documents, seller signs documents, your loan funds, then you record perhaps the next day. Sometimes this whole process can take up to 1 week if it's a bank owned home. If you have really "recorded" it is your house and you should have immediate access to the keys. I agree with the other posters that said to call the title to get an accurate status of the home. If they say it's recorded, call the agent and demand keys. If that doesn't work, call his broker (if he isn't the broker) and demand keys. Is your agent out of town and just doesn't want to drive to the house to let you in?
FYI - there are a number of local agents here that buy bank owned properties at auction, then flip them. This could be the case here. But if 4 agents own the home, it is not bank owned.
I have a similar thing going on for me as well. I was recorded on the deed back on the 12th but due to repairs that the REO bank owners have not completed I am not able to complete funding and it looks like the deal is going to fall apart...despite me owning the property on paper....
I agree with Nina. How could you record without first funding? Perhaps you are really referring to an escrow holdback agreement for the repairs?
I agree with Nina. How could you record without first funding? Perhaps you are really referring to an escrow holdback agreement for the repairs?
I would like to third this opinion. You can't record the deed unless the seller has been paid which would mean your loan has been funded. Once the deed is recorded you are the legal owner and entitled to keys, garage door openers, etc.
As was suggested to the last guy . . . get a copy of your deed and call a locksmith.
I agree when all is right and good with the escrow world you are not supposed to be able to record a deed w/o funding. However, I went to the county recorder and on file as of march 12th there is a grant deed and deed of trust in my name and it has everybody scratching their head!
I've been told by my real estate agent and my lender that the title company made a major whooops.
I'm just wondering if this is a good thing or am I in big trouble now that I have a house but no funding and no way to get it funded unless somebody (bank owners, title company or fairy godmother) pays for the repairs so I can complete the funding process. I mean there is a part of me saying "right on! I own a house" albeit only on paper. I just want to know what my rights and options are...and I guess I'm hoping that this is an advantage for me and can inspire the bank to make the repairs.
I know it sounds crazy--that's why i'm going to see the lawyer next week. I was looking to soothe some of my anxiety with other's opinions or get some advice.
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