All Forum Posts by: JP Smith

Registered land.  It's confusing.  It is what it is though.  I guess we will file claim on this title insurance......when we get it.  

Tried to keep it simple, but to make it a little more complicated, we have something called registered land in some parts of the county I work in.  Waiting on an "Affidavit of Lost Memorandum".   B of A has to sign and record it before title can be transferred to us, then to our buyer.  Last email from title co, "they haven't received return call from B of A.  They just realized this last Friday after 5 other mistakes and now another week passes.  

Thanks Jay.  There is absolutely nothing we can do until Bay National Title gets us the deed.  We have tried several investor friendly title companies, they all said the same thing.

I don't know if we can just send them a bill or file a title insurance claim after it's all said and done.  

Bottom line, we paid for something that we can't sell 2 months ago.

Same problem here.  Waiting 2 months for a deed from Altisource.  Ready to close 45 days ago.  

Also, bidding on another and reserve wasn't met.  They sent me that I could buy it now for 40K.  I passed.  Bid on it again 3 more weeks in a row, was high bidder, reserve not met, and buy it now price is 46K.  No rhyme or reason.  

Closed on a property/wired money July 23.  Bay National Title, FL.  Found a buyer the day after closing, they were ready to close in 2 days.   So holding costs, insurance, grass cutting, taxes on a property for 50 days.   

We still don't have a deed! 

How do we go about recouping our loss for the last 50 days?  It's only a few thousand, not sure if it's worth getting an attorney involved.