Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

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

Loading replies...