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Updated about 11 years ago,

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72
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Chelsy C
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72
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How can I make sure the title has no cloud or having a clear title after closing a short sale on a property in California?

Chelsy C
Posted

I am buying a property,by looking at the prelim report, it has a trust showing both mother's name "A" ( pass away) and daughter "B" is selling the property short sale to me. on the #2. of the title report, it says "Title To Said Estate At The Date Hereof Is Vested In: "A"(the mother) and "B" (the daughter), as Co-Trustees ( or the successor Trustee) of the "A" 2006 Trust, dated May 24, 2006 subject to processdings pending in the bankruptcy court where a petition for relief was filed In June 12, 2013 ."

Also the #46 on the prelim exclusion saying : """any invalidity or defect in the title of the vestees in the event that the trust refereed to herein is invalid or fails to grant sufficient powers to the trustee(s) or i the even there is a lack of compliance with the terms and provisions of the trust instrument. If the title is to be insure in the trustee of the trust(or if their act is to be insured, This company will require a Trust Certification Pursuant to California Probate Code Section 18100.5. The company reserves the right to except additional items and/or make additional requirements after reviewing said documents."""


The above wording from the prelim report. I don't want to get into title issues, and the escrow officer told me everything will be cleared and they would not have these wording on the title policy, but it usually take a month or so for me to receive the title insurance policy, I want to make sure before I buy it. Thanks in advance

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