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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Foreclosure and deed questions Posted by Tracy on January 14, 2004 at 5:10 AM We are in the process of negotiating with a bank REO dept. for a foreclosed property. It states in the paperwork the deed will be a "Special Warranty Deed", why is this and what makes it different than a warranty deed (we are in MD). Also, since the bank actually took posession of this property and listed it with a real estate agency, am I correct to assume they have done a title search (we will have one done prior to closing)? They are stipulating that we MUST settle at THEIR settlement company, why would they do this and is it to our advantage to try to have the settlement at the company of OUR choice? Thanks for any input. Follow Ups: Buying an REO in MD Ward-CA- 8:32 AM, 01/14/04 (0) Post a Followup: Name : E-Mail : Subject : Comments: : We are in the process of negotiating with a bank REO dept. for a foreclosed property. It states in the paperwork the deed will be a "Special Warranty Deed", why is this and what makes it different than a warranty deed (we are in MD). Also, since the bank actually took posession of this property and listed it with a real estate agency, am I correct to assume they have done a title search (we will have one done prior to closing)? They are stipulating that we MUST settle at THEIR settlement company, why would they do this and is it to our advantage to try to have the settlement at the company of OUR choice? Thanks for any input. 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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