title insurance

[tonyvoss]

were thinking of buying a forclosure from paramount holdings co. for $500 CASH. an there is $3000 in back taxes owed on property.paramount got it from a bank,when a bank sells its forclosed homes they are free of leins correct? we havent much money to spend on things not needed.

 

[army judge]

were thinking of buying a forclosure from paramount holdings co. for $500 CASH. an there is $3000 in back taxes owed on property.paramount got it from a bank,when a bank sells its forclosed homes they are free of leins correct? we havent much money to spend on things not needed.

This sounds like a scam.

How could a guy sell you a home for $500, when there is an existing $3,000 lien in back taxes owed to a governmental entity????

You may not have much money now, but you'll have even less if you deal with these crooks!!!!

You need to visit the recorder of deeds, and do some research.

You could hire a title insurer to do this research, too!


Danger Will Robinson, Danger!
Danger Will Robinson, Danger!
Danger Will Robinson, Danger!
Danger Will Robinson, Danger!
Danger Will Robinson, Danger!
Danger Will Robinson, Danger!
Danger Will Robinson, Danger!
Danger Will Robinson, Danger!
Danger Will Robinson, Danger!
Danger Will Robinson, Danger!
Danger Will Robinson, Danger!
Danger Will Robinson, Danger!
Danger Will Robinson, Danger!
Danger Will Robinson, Danger!
Danger Will Robinson, Danger!
Danger Will Robinson, Danger!

 

[tonyvoss]

500 house title insuranse

come on i thought you guys were legal experts,this place is owned by Odele Barnes,,holding companys dont pay taxes on their junk propertys they own only the good ones.the junk ones if they cant sell get lost for back taxes.the real question here is do banks sell their foreclosed homes with clar titles????

 

[army judge]

come on i thought you guys were legal experts,this place is owned by Odele Barnes,,holding companys dont pay taxes on their junk propertys they own only the good ones.the junk ones if they cant sell get lost for back taxes.the real question here is do banks sell their foreclosed homes with clar titles????

I gave you legal advice.

Now use common sense.

If the home had been sold with a clear title, how did the tax lien suddenly appear?

Sure, it could have been placed after the sale.

It would be easy to determine.

Does it matter when it got there?

Legally, no.

Bottom line, genius, the place now has a known $3,000 tax lien.

You buy the home for $500, and fail to clear the lien, the tax man will eventually sieze the home.

Suddenly that $500 bargain becomes a $3,500 nightmare!!!

Do the math, genius, and do whatever you please.

This is the USA and one is free to be as stupid and uninformed as they desire!!!