InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Foreclosure Codes 50 State Resource Data Foreclosure Glossary Foreclosure Statistics 60+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: It's not your mistake, so why should you pay it? Posted by Alexis (CA) on October 27, 2003 at 7:53 PM In Reply to: It's not your mistake, so why should you pay it? posted by Ward-CA- on October 27, 2003 at 6:54 PM Thanks Ward. That's what I was thinking. The lien in dispute was on the title report. I paid all the liens off that were on the title report per my wishes for clear title, including the disputed HOA lien. My title policy reads I am free from encumbrances, then lists some exceptions (taxes yet not due & payable). That lien was not on the list of exceptions, but is on the title report. The HOA demand letter shows the disputed year of delinquent assessment. However per the HOA, the $900 for that year assessment was mistakenly not added in. I bought title insurance for peace of mind and clear title. I think the title company should sort it out with the HOA, not me. : Alexis, : Either the HOA should eat their mistake or the title company should cover the discrepancy. Otherwise, when will you ever feel you can relax if people can pop up and claim they are owed money another week from now, another month from now, or another year from now? : No, there has to be a cutoff date and that should be at the close of escrow. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Thanks Ward. That's what I was thinking. : The lien in dispute was on the title report. I paid all the liens off that were on the title report per my wishes for clear title, including the disputed HOA lien. My title policy reads I am free from encumbrances, then lists some exceptions (taxes yet not due & payable). That lien was not on the list of exceptions, but is on the title report. : The HOA demand letter shows the disputed year of delinquent assessment. However per the HOA, the $900 for that year assessment was mistakenly not added in. : I bought title insurance for peace of mind and clear title. I think the title company should sort it out with the HOA, not me. : : Alexis, : : Either the HOA should eat their mistake or the title company should cover the discrepancy. Otherwise, when will you ever feel you can relax if people can pop up and claim they are owed money another week from now, another month from now, or another year from now? : : No, there has to be a cutoff date and that should be at the close of escrow. 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

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-2003, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455