Re: Title Search Error

More | Report Post

On 5/02/07, Nicola Allen wrote:
> I purchased an investment property in 2005. Last month a
> letter was sent to my house stating they are going to
> foreclose on my property due to an unpaid deed for
> 250,000. Apparently, my property was attached to 3 other
> parcels. The owner never paid it off. The lender was
> unable to locate the previous owner and wants to foreclose
> on my property. I called the title company and they
> stated they have no idea what Im talking about and the
> search went back 50 years and found nothing out of the
> ordinary. The lawyer called the title company to discuss
> an alternative to foreclosure and the title company is
> avoiding their calls. If they foreclose on my property
> can I sue the title company???

Yes. But, I would recommend you get your own attorney and see
if you can prevent the foreclosure from happening in the
first place. Its quite possible the title company didn't find
anything, because there is nothing there to find, and the
foreclosing creditor is in the wrong.