thefed
Thinks s/he gets paid by the post
- Joined
- Oct 29, 2005
- Messages
- 2,203
SO, I bought a home through a realtor. I closed through a title company the other day...they said I'd be the owner of record within an hour or so...they were going to record that afternoon.
WELL, I got a call saying to stop any renovations I'm doing, because the county refuses to list me as the owner!
Why? Well, the company I 'bought' it from, thru a well-known relator, isn't the owner of record! I knew this all along, as I talked directly to the bank that owned it. It was foreclosed on, then went to another lender, and finally the people I 'bought' it from.
The problem si that THEY havent even recorded the deed yet! SO, unless I can show a copy of the purchase agreement between the current 'owner'
and those who transferred it to them, it's a no go.
The title company said to stop all work, because it seems they arent being cooperative. They DID overnight an affadvit explaining the situation, but the county rejected it.
SO, if this can't be accomplished for whatever reason, what will I be out? I already put $1500 in the property in the form of material and labor, since I began working the day of closing. I also have utilities turning on tomorrow (excep water, because the city wont trun it on because I'm the the owner of record!)
Who will be on the hook for this? The title company? The 'owner'? How about the realtor? ME? WILL I BE OUT MY $$$$?
Anyone?
Thanks
WELL, I got a call saying to stop any renovations I'm doing, because the county refuses to list me as the owner!
Why? Well, the company I 'bought' it from, thru a well-known relator, isn't the owner of record! I knew this all along, as I talked directly to the bank that owned it. It was foreclosed on, then went to another lender, and finally the people I 'bought' it from.
The problem si that THEY havent even recorded the deed yet! SO, unless I can show a copy of the purchase agreement between the current 'owner'
and those who transferred it to them, it's a no go.
The title company said to stop all work, because it seems they arent being cooperative. They DID overnight an affadvit explaining the situation, but the county rejected it.
SO, if this can't be accomplished for whatever reason, what will I be out? I already put $1500 in the property in the form of material and labor, since I began working the day of closing. I also have utilities turning on tomorrow (excep water, because the city wont trun it on because I'm the the owner of record!)
Who will be on the hook for this? The title company? The 'owner'? How about the realtor? ME? WILL I BE OUT MY $$$$?
Anyone?
Thanks