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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Mitigating risk when buying from an owner before the foreclosure sale. Posted by Steve on December 01, 2001 at 1:25 AM In Reply to: Re: Mitigating risk when buying from an owner before the foreclosure sale. posted by Ward-CA- on November 02, 2001 at 6:01 PM Hi Ward I am a little confused about this post on getting Title Insurance before a foreclosure sale. Are you saying that right before a sale I cannot get Title Insurance ? There is a sale coming up Dec. 6 and I am trying to get title insurance. The lender has said that they will accept a partial payment of about 50% of what is owed in back payments and I want to get Title Insurance before I advance that money to the lender. And of course I want to be on the title before I advance that money. : : Hello Ward. You spoke this past tuesday of title insurance, and how useful it can be in protecting oneself in the event of an undisclosed, undiscovered lien laying claim to the property. : : I have found, calling various title insurance companies, that this protection cannot be had when purchasing properties at the trustee sale. : : Is there any way to mitigate my risk and protect my investment when purchasing properties through this route? : : Your guidance is very much appreciated. : =•=•=•=•=•=•=•=•=•=•= : I’m truly perplexed by your post. That’s because I don’t recommend trying to get title insurance before or right after getting title at a trustee’s sale. And in the main, it’s because it’s not available—which was your experience. : After mulling this over I think maybe I was speaking of getting title insurance when buying from the owner before the sale. In that instance getting title insurance makes sense and the title companies don’t have a problem with that application. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Hi Ward : I am a little confused about this post on getting Title : Insurance before a foreclosure sale. Are you saying : that right before a sale I cannot get Title Insurance ? : There is a sale coming up Dec. 6 and I am trying to : get title insurance. The lender has said that they will : accept a partial payment of about 50% of what is owed : in back payments and I want to get Title Insurance before : I advance that money to the lender. And of course I want : to be on the title before I advance that money. : : : : Hello Ward. You spoke this past tuesday of title insurance, and how useful it can be in protecting oneself in the event of an undisclosed, undiscovered lien laying claim to the property. : : : I have found, calling various title insurance companies, that this protection cannot be had when purchasing properties at the trustee sale. : : : Is there any way to mitigate my risk and protect my investment when purchasing properties through this route? : : : Your guidance is very much appreciated. : : =•=•=•=•=•=•=•=•=•=•= : : I’m truly perplexed by your post. That’s because I don’t recommend trying to get title insurance before or right after getting title at a trustee’s sale. And in the main, it’s because it’s not available—which was your experience. : : After mulling this over I think maybe I was speaking of getting title insurance when buying from the owner before the sale. In that instance getting title insurance makes sense and the title companies don’t have a problem with that application. 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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