Just for the record, a deed in lieu of foreclosure does not divest liens and encumbrances.Almost every time we find a deed in lieu of foreclosure in title, the underlying mortgage sits unsatisfied. In Pennsylvania – I can’t speak for other states – the mortgage must still be satisfied of record.Lenders – PLEASE bear this …
Quiet title is an action by the court to resolve an outstanding issue affecting title.Here’s an example. Let’s say we have a seller conveying two parcels of land, both of which have been in the family for years. Our seller, now elderly, has presumed that she was the sole owner of both parcels. Our title …
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Well, there are two policies in play. The loan policy which is now acting like an owner policy for the lender and the new owner policy which you surely are buying.Do NOT buy real estate that has gone through foreclosure without also buying an owner policy.Once the real estate has gone through sheriff sale and …
Back in March when the idea popped up to answer search engine queries, I had no expectations, just went with the flow. Now, having a couple of months under the belt, I see that the same questions come up over and over again. It’s not that we have fewer queries but that the topics have …
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Well, something stinks in Denmark.The lien may or may not have been properly recorded. The foreclosing attorney may have relied on a defective title search. There are numerous scenarios that could have caused this to happen. Humans make mistakes.The lien either survived foreclosure or not. I suggest seeking competent legal counsel. If you are the …
ohio first lienholder not notified of foreclosure and not listed on payoff Read More »
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I have to limit my response to PA. Spousal rights vary from state to state.Pennsylvania is not a community property state. We don’t have dower rights in Pennsylvania. Theoretically married individuals can buy and sell property on their own without their spouse.Our divorce law, however, mucks up title because a party in a divorce action …
Auto Insurance Blog: query: non-borrowing spouse rights Read More »