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1.) If Bank foreclosed what type of deed is conveyed to buyer. JOHN

  • March 17 2014 - Spring Hill
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Answers (3)

Special Warranty Deed is what most all bank owned homes sell with. It covers the bank for the time period they owned it. General Warranty Deed is the best to get. Be sure to always get title insurance coverage for lender and buyer on bank owned sales.
  • March 18 2014
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Profile picture for Vibha Mehra
Sally,
If Bank foreclosed then they took the title and the deed is still Bargain & Sale Deed with CVG.
  • March 18 2014
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Many times they pass on a Special Warranty Deed.  Call and speak to a Title Company or Real Estate Attorney for more details.
  • March 18 2014
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