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Updated almost 6 years ago,

User Stats

109
Posts
12
Votes
Hen Ley
12
Votes |
109
Posts

Title company won't provide commitment for auction property-

Hen Ley
Posted

There is an auction coming up for a foreclosure property-  The property has not yet reverted back to the bank, so the outcome of the auction will determine whether it does or, instead, is purchased by a third party.  I'm interested in bidding on the property, however, I've reached out to two different title companies to perform a report prior to the auction and both have said it isn't a property they would provide insurance for due to issues they discovered.

Is there any work around for this?  It would feel reckless bidding on a property anticipating I could not insure the title, but it also seems like  a potential opportunity missed not to bid...

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