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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] is it going to be difficult to insure it? Posted by gcastro on July 31, 2003 at 9:49 PM Ward, I bought a proprerty subject to, and the hall of records indicated that there were only two deeds of trust against it when I bought it. After a week that I bought the property and recorded the grant deed, the lender of the second deed of trust gave me a call, and informed me that there was a third deed of trust, but that they made a mistake and never recorded it in the hall of records. The Seller never mentioned about this third deed of trust to me. I know that I am not liable to pay for the third deed of trust, since she didn't mentioned it to me before I bought it, and since it was not recorded in the hall at the time that I recorded my deed, however the lender has gone ahead and recorded that 3rd deed of trust and I am worried that when I sell the property, the title company will not be willing to insure the title to my buyer, since they dont know wether I knew about it, or not when I bought it. What do you think, is it going to be hard to insure it? Follow Ups: Check it out now, before opening any escrow. Ward-CA- 6:33 AM, 08/01/03 (1) Re: Check it out now, before opening any escrow. Michael 12:15 AM, 08/04/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Ward, I bought a proprerty subject to, and the hall of records indicated that there were only two deeds of trust against it when I bought it. After a week that I bought the property and recorded the grant deed, the lender of the second deed of trust gave me a call, and informed me that there was a third deed of trust, but that they made a mistake and never recorded it in the hall of records. The Seller never mentioned about this third deed of trust to me. I know that I am not liable to pay for the third deed of trust, since she didn't mentioned it to me before I bought it, and since it was not recorded in the hall at the time that I recorded my deed, however the lender has gone ahead and recorded that 3rd deed of trust and I am worried that when I sell the property, the title company will not be willing to insure the title to my buyer, since they dont know wether I knew about it, or not when I bought it. What do you think, is it going to be hard to insure it? Optional Link URL: Link Title: Optional Image URL: [ 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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