Trying to buy a foreclosure.. Title question..

[Kim S.]

Hi all,

First time home buyer here, and trying to buy a bank owned foreclosure... Have already signed p&s and sellers addendums, and just got our title report back.. Feeling very confused and hoping someone can answer some questions! 

So the title report shows that the house and back yard is 6 parcels of land.. The builders/first owners only bought 3 parcels for which the house is on.. And took care of the rest of the land and eventually acquired the land by asking for it. So the report goes on saying they now own all 6 parcels. Then the land was given down to family members for years.. Then eventually sold out of the family and sold 3 parcels. Then the other 3 were deeded to the new owner. Then, the latest owner (whom it foreclosed on) some how only bought 3 parcels (once again!) which the house is on, and then was deeded the other 3 separately by the seller (again!). so I have no idea if it was a part of the morgage but It doesn't seem like it... But they must of had to pay land taxes?? Anyways, the house was foreclosed on and it is only for the 3 parcels. We orginally thought the person before us only bought 3 parcels but in realty they owned it all, so why would the bank only foreclose on half of the property? We have a lawyer and are asking them more about it but I am just not sure if this is going to become a major problem for us in the future. Any advice? Is this a bad situation? Technically it sounds like we could just buy the house and worry about the rest of the parcels later..also wondering since the bank foreclosed technically incorrectly, can they fix it? Any input is appreciated, thank you!