All Forum Posts by: Kiah Davis

@Gus Tsesmeloglou nice!! Thank you for the advice. I’m actively looking for tenants in addition to buyers. Hopefully the strategy falls into place soon!

@Gus Tsesmeloglou I’m in the same situation now - how did you overcome the challenge??

@Tom Gimer - correct on the title policy so I know there’s nothing else that I can recover there. 

In the warranty deed that was executed the seller swore to defend my right and title to the Property and all improvements thereon against all others. No verbiage says there’s anything about me accepting a violation

Thanks @Wayne Brooks! Sure thing - it was a health/safety issue to @Tom Gimer‘s point (asbestos abatement). When the previous owner didn’t treat the issue as mandated by the city the ordered & completed the demo

Thank you both!

@Stanley Bronstein - the person who did the title search worked for the closing office but not the title insurance company. She is also the one who was a previous owner of the home via her LLC. According to the investigation she attempted to quiet the title and when she couldn't identified chain of buyers to remedy her problem to my financial detriment

Happy Wednesday! I'm a new investor in Atlanta. I purchased a home about a year ago. Within 3 days of me closing on the home the house was demolished by the city due to a known (but not disclosed) title issue. I went through the title claim process and was awarded a settlement however I didn't receive any compensation for my attorney fees, the incremental holding cost required while claim process was in progress and fees involved with new construction as opposed to a flip. Additionally through peeling back the onion I found out that the person who did the title search/owned closing office knew the demolition had been ordered and was trying to push the deal thru in hopes she could outpace it. To add to the drama she was a previous owner of the home via a LLC. I've gotten mixed reviews on the civil/criminal implications involved with this deal gone wrong as well as who professionally is responsible. I would like to litigate to try to recoop some of my damages but don't want to do so in vain. Any one have any experience/guidance they can share? Am I as the buyer able to sue the owner of closing company/person who conducted title search due to fraud/negligence or do I only have a breach of warranty case against the previous seller (who is a master of setting up and dissolving LLCs to conduct similar high risk deals - unknown when transaction began)?