Profile picture for DarrellRoss8

I have a valid cert of title. What rights do I have if a bank forecloses against a former owner?

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August 11 - US
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Answers (4)

Profile picture for blue screen died
That's why foreclosure auctions are only for those that know what they are doing and have experience.  Others just need to wait until it is an REO and sold by the bank.

Sorry you had to learn the hard way.
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August 12
Profile picture for DarrellRoss8
I guess you're right.  It's hard to believe Florida would auction a property off and issue a cert of Title and say nothing else is required.  Then auction it off again and I have no interest in the property unless it sells for more than the judgement and that will never happen.
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They're foreclosing against you, I bet. Here's the thing, Darrell. Liens run with the property, so if you take title to a property with existing liens on it, yeah, the other people are supposed to pay 'em off, but you're the one who will lose the property if they foreclose.
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August 11
Profile picture for wetdawgs
If the bank forecloses against a former owner, it sounds like the former owner did not resolve all liens.  This is when you call your title insurance company.

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