Tim will be speaking at Black Diamond in May, regarding his efforts to deal with this situation and his filing of a title insurance claim in the case.

This also means that if the property sells for less than the balance of the note, the owner/borrow remains obligated to the lender for the balance.In foreclosure, the lender goes to court to obtain title to the property.

There is a group on FB titled DFW BiggerPockets and Real Estate Investing...You can search for it on FB.

Doing this will terminate any protection your partner received if they buy an owners title policy at closing.

If this land is in CA, you must first understand how title is held.

There were some back taxes and title issues i think.

I assume this $38K land contract will become your problem once you own the property - because someone will have to pay it off if it's clouding the title - is that correct?

When/if I get a purchase agreement signed, should I send it to my attorney and he can begin title work or can I just contact a title company directly?

I'm simply saying garbage in garbage out.I'd say what is being overlooked is the very basic fact that all real estate is unique, no two parcels on earth are the same, they may be similar, but not identical.

Any Cash Buyers, Transactional Funding, Motivated Seller, Title Company or other investors doing OR looking to do deals in Arkansas, please connect with me.