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Updated over 6 years ago,

User Stats

57
Posts
28
Votes
Baraa Yassin
  • Garland, TX
28
Votes |
57
Posts

Title company wont close due to redemption right clause

Baraa Yassin
  • Garland, TX
Posted

Hi guys...hope all well...notsure if this is the right form to post.

I have a client that bought few lands in dallas, texas from the sheriff tax sale.

The redemption (6 months passed) 6 months because they are empty lots.

Got them listed for sale and undercontract...now at the closing when the title company issued the policy commitment...they want to add language says they wont cover the redemption up to 2 years...(per their under writer)

Even they know that the redemption right passed 6 months and its expired already but they say its their policy / some of them they want to add language for 4 years uncovering.

The 2 deals are gone now...im going to relist but was wondering if any recommendation of title company in dallas/texas that wont include this language in schedule C or in the entire commitment.

Your advise is highly apreciated

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