No Deed From Bay National Title After 50 days.

[JP Smith]

Closed on a property/wired money July 23.  Bay National Title, FL.  Found a buyer the day after closing, they were ready to close in 2 days.   So holding costs, insurance, grass cutting, taxes on a property for 50 days.   

We still don't have a deed! 

How do we go about recouping our loss for the last 50 days?  It's only a few thousand, not sure if it's worth getting an attorney involved.  

[Jay Hinrichs]

@JP Smith 

  Not sure how long it takes the deed to be returned from the courthouse but that should not stop you selling the property as the deed is off record.. Title co handling the sale should be able to pick up your deed in their title search and then insure title to the new buyer.  Now when I did business in Detroit Wayne county has to be the MOST INEPT county in the whole of the US.. right up their with a 3rd world country.. Deeds and Mortgages would take week if Not MONTHs to get recorded.. The title companies to stay in Bizzness there have to offer gap insurance IE we will insure you from loss between the time you close and by the time the utterly useless Wayne county recorder gets around to recording the Deed or Mortgage.. I don't think that's the case in Florida.. As I do a bunch of deals there and have never had an issue reselling within 30 days.