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More title company mistakes milking experences.

Posted by Nick(Coloado) on March 31, 2002 at 11:04 AM

Ward:

You mentioned once that one of your greatest victories
was extracting money from a title company. I have an
auction coming up where the foreclosing TD is following
in time (several years) by a WD to a new purchaser. Perhaps
the title company never followed up to see that the TD was
closed, or it was a wrap-around, etc... What has your
experience been? If you were to purchase such a position
based on the foreclosing TD, would you be able to extract
a high percentage of FMV from insurance? Would it be
relativity a sure thing and hassle free?




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