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Updated over 16 years ago on . Most recent reply

Tami R.'s profile image
Tami R.'s profile image
Tami R.
  • Real Estate Investor
  • from Atlantic , Iowa
  • Member since Oct 3, 2008
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78
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1
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Tami R.'s profile image
Tami R.'s profile image
Tami R.
  • Real Estate Investor
  • from Atlantic , Iowa
  • Member since Oct 3, 2008
Connect
Tami R.
  • Real Estate Investor
  • Atlantic , IA
1
Votes |
78
Posts
General Real Estate Investing

Preliminary Opinion of Title

Tami R.
  • Real Estate Investor
  • Atlantic , IA
Posted

We are supposed to close on a foreclosure on Tuesday, just received teh Preliminary Opinion of Title and we have a problem...
Under TAX SALE PROCEEDING DEFECTIVE
It states The Tax Sale Proceedings are defective and title is not marketable. My commercial loan officer is contacting the realtor right away I am not that great reading the Preliminary, but has anyone ever had this happen and do you think this will be an "easy" fix or is there a strong possibility we will lose the house?

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