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5 October 2016 | 3 replies
Current property deed has two names (X and Y), however the mortgage note has only one name (X).And as per the title search report, Chain of Title1:When the property was purchased the deed has both X and Y names as joint tenants with the Right of Survivorship.Chain of Title2:Later a quit calm deed was made with Grantor( prior owner) Y and Grantee (deed owner ) XChain of Title3:Again a bargain and sale deed was made the other way from above Grantor( prior owner) X and Grantee (deed owner ) YCurrent Title (vesting information):And one more time a Deed was made with both names (X and Y) on the deed as joint tenants with the Right of Survivorship.Now, as X is the only mortgage holder from the time of purchase, and bank is foreclosing the mortgage on X, will Y have any legal ownership to the property, if the property gets sold at sheriff sale.
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30 March 2018 | 12 replies
I generally don't do that, I just try to get an idea if the property is vacant or occupied and the general physical condition.Then I do a title check to look for problems in chain of title, make sure it's a first lien and look for other problems like tax liens.
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12 October 2016 | 15 replies
One does no favor to the chain of title by inserting a quitclaim into it.
4 September 2019 | 6 replies
I know the Chicago Title inside and out, as I used to work as an Underwriter there before branching out on my own.
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21 October 2016 | 17 replies
Somewhere there is a break in the chain of title and they have to fix it.
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16 August 2016 | 7 replies
I an currently in financing, I'm an assistant branch manager at a financial institution.
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16 August 2016 | 2 replies
I have asked our branch manager/broker there (Travis Hughes) to contact you.
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20 October 2016 | 12 replies
But a title company expert advised me that quit claim deeds are viewed suspiciously anymore in the chain of title and that there are better avenues for getting the deed.
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20 January 2020 | 19 replies
They also just started a hard money lending branch that I've used as well.
20 August 2016 | 5 replies
Make sure you review any email chains with the seller as well as what is stated in the purchase contract just to make sure you even have a case.Good luck