04-27-2024, 12:23 AM
The title insurance issues are due to OTHER debtors who may or may not have filed a lien against the former owner and/or the property that post auction could come back and be pressed against the auction winner of the property.
Post auction, there is no TAX lien against the owner or property since the in arrears tax has been paid by virtue of the auction. It’s OTHER debts the prior owner may have had that come out of the woodwork after the auction for which a title insurance company would normally be on the hook for.
Further, some dipshit developer and fly by night contractor too damn cheap to pay for a survey, don’t fall under permissible rules that would allow them to claim a “debt” or even be able to file a lien against the former owner or current owner.
And to be clear, I am Barney’s humble servant and NOT his mom!
Post auction, there is no TAX lien against the owner or property since the in arrears tax has been paid by virtue of the auction. It’s OTHER debts the prior owner may have had that come out of the woodwork after the auction for which a title insurance company would normally be on the hook for.
Further, some dipshit developer and fly by night contractor too damn cheap to pay for a survey, don’t fall under permissible rules that would allow them to claim a “debt” or even be able to file a lien against the former owner or current owner.
And to be clear, I am Barney’s humble servant and NOT his mom!