Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
Foreclosures
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 about 7 years ago, 09/26/2017

User Stats

33
Posts
14
Votes
Xavier G.
  • Tomball, TX
14
Votes |
33
Posts

Special Warranty Deed & Foreclosures, what to look for?

Xavier G.
  • Tomball, TX
Posted
I am looking at a property in Texas that is in Foreclosure from a reverse mortgage company. The previous owner was a hoarder and my research seems to show that he was foreclosed on because of past due taxes (on top of not taking care of the house and getting the HOA on his back). The reverse mortgage LLC will sell this house with a special Warranty Deed which only covers their period of ownership. I have read that this is common in the foreclosure world. The Company foreclosing also chooses the title company as is also usual in this situation (from what I understand). My question is, how do I cover myself? Would an owner title insurance be enough? I will be paying cash. Thank you in advance!

Loading replies...