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Updated over 1 year ago on . Most recent reply
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title insurance: property with history of tax sale
I am under contract to buy a property in TN that has a tax sale in its history about 10 years ago. The closing attorney is telling me the title insurance underwriters frown on this situation and may not approve it. We are waiting to hear from them and hoping that since its been 10 years they will approve. I have read a few threads about this in the forum but just looking for any additional insight for anyone who has experienced this in TN.
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Quote from @Emily Murray:
I am under contract to buy a property in TN that has a tax sale in its history about 10 years ago. The closing attorney is telling me the title insurance underwriters frown on this situation and may not approve it. We are waiting to hear from them and hoping that since its been 10 years they will approve. I have read a few threads about this in the forum but just looking for any additional insight for anyone who has experienced this in TN.
IF the title company frowns upon it, try and find a title company that handles foreclosures, REO's and tax sales - not all title companies are created equal and some will walk way from that and others will say its no big deal.
- Chris Seveney
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