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Updated almost 6 years ago,
Title company won't provide commitment for auction property-
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...