Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 8 years ago,
Indianapolis Nuisance found after close, is title co responsible?
Hello,
I have a buy and hold property in Indianapolis that I've just completed rehab on and I am in the process of refinancing. I'm doing the Brrrr strategy on this one and I found out months after I purchased the property that there are 2 nuisance charges against the property. Each for 5k, 10k total. This was a cash purchase and nothing ever came up during the title search from the title company as having any kind of lien against it, I'm wondering if the nuisance counts as the same kind of thing. On the notice I received from the city it listed the previous two owners that had been notified of a pending nuisance but my name wasn't on it. Now, I've totally rehabbed and coincidentally fixed all the outstanding issues that were cited and I've had my property manager contact they city and ask for a reinspection. I'm not sure how this process is going to play out exactly so I want to be ready for all scenarios.
Is the title company responsible for any of the charges if I have any?
Has anyone had experience with this sort of thing in Indy?
Any shared stories/experiences would be greatly appreciated. Thanks in advance!