Question Submitted 3/18/2014

We purchased a home in 2002 in Indiana. ********* ***** *** ***** was the company who provided our title insurance or "Alta Policy". We refinanced with ***** Inc in 2007. Requirement at closing on these documents states, "Hud-1 addendum to be signed and fully executed" "Show evidence that the following debts have been paid in full- ALL LIENS ON PROPERTY". My husband's position at work was eliminated 9 months ago, hasn't been able to secure employment, so we are in the process of "Deed in Lieu". We just learned that there is a huge lien on the property from 1997 from prior homeowners and guaranteed title was liquidated in 2008 so our title insurance is no longer valid. ******* legal department is not willing to help clear the title at this time. Are they at all responsible since our documents were not fully executed at closing in 2007? What do we do? Our deed in lieu is now stalled till the title can somehow be cleared. We are now worried about foreclosure. Any help?

BBB's Answer:

I would suggest that you contact an attorney who specializes in title insurance. 

Question Submitted 3/19/2014

I have never purchased property before. I have been looking and found some land that I really love however, it is for sale by owner with owner financing. The seller is a developer and according to the BBB has a A+ rating. He stated that he would "will pass Fee Simple Title to the purchaser conveying 100% of the ownership of the property including all timber, mineral and water rights." Then "We will record a Warranty Deed to the property in your name after you have made six monthly payments" I am confused as to which and when would a title company get involved.

BBB's Answer:

I would contact an attorney who specializes in title insurance. 

Question Submitted 3/25/2014

We purchased a couple of lake lots. Before we bought them we were told it would be okay to put our camper on the lots by both the real estate agent and the title company. Only to find out the the County Planning and Zoning rules do not allow it. Are we just stuck with property we cannot use?

BBB's Answer:

I would contact an attorney who specializes in this. 

Question Submitted 4/8/2014

I purchased a property at a tax sale and was issued a quit claim deed. If I want to sell this property, will a title search and an owners title policy enable me to grant a warranty deed? How big a difference would it make.

BBB's Answer:

I would contact an attorney that specializes in title insurance. 

Question Submitted 4/8/2014

What Government agency oversees the operations of title insurance companies. Our HOA is having problems in getting the title co to send us the required transfer fee.

BBB's Answer:

Perhaps this agency can help -

Comment Submitted 4/10/2014

I own a lot with my brother. We had a buyer. The title company that the realtor hired said that the lot had an additional 12 owners and had to get each of their permission for clear title to sell. The title company was wrong, but it took me five months to prove them wrong. We lost the sale. Is the title company held liable for their mistake and the loss of the sale?

Question Submitted 4/15/2014

How does buyer of real estate would use a title search?

BBB's Answer:

The title is what gives you ownership of a property. As a buyer you want a clear or clean title. Your real estate attorney will assist you with a title search. 

Question Submitted 4/19/2014

i want to buy a lot. the situation is like these. the name that appear on the land title is the father of the seller but the father was dead already. now, all the sons and daughters of the said owner of the land agreed that they will sell the land. now, my question is, is t safe to buy that land? and, what are the legal ways to do to make sure that it is safe to buy on that lot?

BBB's Answer:

This is a question for a real estate attorney. 

Comment Submitted 4/21/2014

My Uncle had a reverse mortgage on his home at his death it was discovered My brothers and myself are on the deed now the mortgage co wants there money but we never signed anything was the mortgage legal if not can title insurance pay the legal fees?

Question Submitted 4/22/2014

I purchased a condo unit in Massachusetts in 2007 with 2 deeded parking spaces and just recently found out that a recent purchased condo unit in the same complex now is deeded one of my spots.I do have in my possession the original deed that clearly says it was deeded to me and I also had title insurance from my original purchase.What should I do?

BBB's Answer:

I would contact the real estate attorney who assisted you during your closing. 
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