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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Title Exception Posted by Mer on January 11, 2010 at 5:01 PM My fellow investors. The title company we use in San Diego, CA is placing the following exception in their title policies for properties we purchased at the Trustee Sale: "Any claim or allegation that the trustee's deed or deed in lieu of foreclosure from QUALITY LOAN SERVICE CORPORATION to Yogi Bear, HUSBAND AND WIFE AS JOINT TENANTS , dated 10/21/2009, recorded OCTOBER 23, 2009 AS INSTRUMENT NO. 2009-000000 OF OFFICIAL RECORDS, was a fraudulent transfer in bankruptcy proceedings filed by or on behalf of (prior owner), HUSBAND AND WIFE AS JOINT TENANTS within one year from the date of 10/14/2009" I modified the above to protect the innocent. Has anyone else seen this type of Exception to the title policy? It obviously raised a huge red flag for the buyer, but we were still able to close after we explained the issue to them. If not, any recommendation on a title company that will not place this type of exception? Thanks Mer Follow Ups: Re: Title Exception Kristine-CA 6:03 PM, 01/11/10 (15) Checking BK's Filings 8:12 PM, 01/11/10 (1) Re: Checking BK's Kristine-CA 8:34 PM, 01/11/10 (0) Checking BK's Filings 8:12 PM, 01/11/10 (1) Re: Checking BK's Nate 8:27 PM, 01/11/10 (0) Re: Title Exception Kristine-CA 6:08 PM, 01/11/10 (10) Common Title Exception Rick, the Probate Guy 6:33 PM, 01/11/10 (9) Fanny Kristine-CA 8:20 PM, 01/11/10 (6) Re: Fanny MonroviaDave 8:40 PM, 01/11/10 (5) LeVon Helm says it's Fanny Kristine-CA 12:43 AM, 01/13/10 (1) Andy? Danny? Rick, the Probate Guy 3:07 PM, 01/13/10 (0) Re: Fanny MonroviaDave 8:41 PM, 01/11/10 (2) No it was - Take a load of Candy! CANDY! 9:53 AM, 01/12/10 (1) Take a load for free - take a load for me! - Free Candy who wouldn't sing about that!? CANDY! 10:12 AM, 01/12/10 (0) Re: Common Title Exception MonroviaDave 7:50 PM, 01/11/10 (1) Favorite Title Company Swan 6:36 AM, 05/29/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : My fellow investors. : The title company we use in San Diego, CA is placing the following exception in their title policies for properties we purchased at the Trustee Sale: : "Any claim or allegation that the trustee's deed or deed in lieu of foreclosure from QUALITY LOAN : SERVICE CORPORATION to Yogi Bear, HUSBAND AND WIFE AS JOINT : TENANTS , dated 10/21/2009, recorded OCTOBER 23, 2009 AS INSTRUMENT NO. 2009-000000 OF : OFFICIAL RECORDS, was a fraudulent transfer in bankruptcy proceedings filed by or on behalf of : (prior owner), HUSBAND AND WIFE AS JOINT TENANTS within one year : from the date of 10/14/2009" : I modified the above to protect the innocent. : Has anyone else seen this type of Exception to the title policy? : It obviously raised a huge red flag for the buyer, but we were still able to close after we explained the issue to them. : If not, any recommendation on a title company that will not place this type of exception? : Thanks : Mer [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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