Posted on: 02nd Jul, 2010 08:03 am
I'm buying a foreclosure that title discovered had a federal crime lien (treated like a property tax lien- so the law says). This lien against the previous owner was placed ( 5/7/2010) after Fannie Mae foreclosed on the previous owner (4/23/2010). Title says the lien will fall off title completely. Title also has this lien as an exclusion to its policy. I've asked this exclusion be removed. Does anyone have any experience with this unusual situation? Advice?
Hi heydiver,
I don't have a personal experience regarding buying such a property. It would be better if you could get in touch with an attorney and understand the whole situation and then buy the property.
Thanks
I don't have a personal experience regarding buying such a property. It would be better if you could get in touch with an attorney and understand the whole situation and then buy the property.
Thanks