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Updated over 16 years ago,
Preliminary Opinion of Title
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?