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Updated over 5 years ago on . Most recent reply

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18
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3
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Vincent Bess
  • Columbia, SC
3
Votes |
18
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Tax sale home title issues

Vincent Bess
  • Columbia, SC
Posted

So I came across a situation that I need help solving .recently I put a house under contract before the inspection took place on the property my real estate agent called and told me that the attorney called and said that the sellers didn't have the title because he just bought it at a tax auction 3 months ago.also he said to get the title it would cost me 3k in attorney fees.my agent then suggested that I back out of the deal.the number worked lovely on this property is there any suggestions on what I should do ?

Most Popular Reply

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485
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Brian Van Pelt
  • Specialist
  • Owings Mills, MD
415
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485
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Brian Van Pelt
  • Specialist
  • Owings Mills, MD
Replied

@Vincent Bess

You have to decide if your numbers still work out with an additional 3K in attny fees. If it does move forward, if it doesn't then pass.

Just curious
. Why wasn't it disclosed upfront that the seller did not have title to the property ? A simple cross check of the tax record and the seller name on contract would have revealed this.

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