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Post: Help! I need answer ASAP. forclosure condo. dirty title

Posted by Mathew on 5/29/07

    I brought forclosed NYC condo for back common charges for
    90k cash. At 1st closing, title co. discovers tax lien.
    One week later, condo agrees to pay tax lien, since there
    was a surplus from the auction. At 2nd closing, title co.
    now discovers 250k judgement against a person with same
    name in same building. Searching with Supreme court I
    locate 250k judgement, listing same name of person, same
    building, but different apt #. I now call in a 2nd title
    co. they also say they can't be certain that the person
    listing in the different apt is not the same person from
    my apt, so they can't give me clean title. They say that
    condo should have listed the 250k judgement in their
    foreclosure judgement. But now I have two choices.
    1. 250k judgement can be renewed next year, if company
    bringing judgement does so. However, company seems to be
    no longer in buisness. So I could sit and wait then
    reapply for title one month after.
    2. Have the condo file for short foreclosure. Condo says
    not their concern, can you believe that! Condo says I can
    file short foreclosure. Procedure could take 2-3 months.
    Is this the way to go or is there a better way?



Posts on this thread, including this one

  • Help! I need answer ASAP. forclosure condo. dirty title, 5/29/07, by Mathew.

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