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All Forum Posts by: Anthony Villar

Anthony Villar has started 1 posts and replied 3 times.

The buyer is all cash.

The property was deeded to the current seller from the previous owner however the previous owner never signed the deed. The previous owner is and has been deceased. The deed was only signed by the current owner who was on title. 

I have received the death certs from the attorneys and have provided them to a few other underwriters and am currently waiting on responses.

I do not represent the buyer I just provide him with investment properties. I have never had this issue before without it being clear cut deed fraud.

Hello all, 

I am currently working with a client who recently contracted to purchase a property. Title has come back and it appears that the property was deeded improperly. The title company and its underwriters have decided not to provide an insurance policy for this property. I would never recomend anyone to purchase a property without title insurance 99% of the time but this situation from the looks of it seems to be that 1%. 

Here are the pertinent facts:

-The seller is currently in contract to purchase a property contingent upon my client purchasing her current property. 

-The seller has dropped the price of the property by 50k--30% of the orginal purchase price. 

-An attorney has provided death certs for all potential bloodlines and heirs of the previous owner.

-The current owner has been paying all bills and mortgage of the property for the past 20yrs.

-There is no record of anyone making claim to the property 

If you have any advice for me I would greatly appreciate it.