I am buying a house in WA that is a short sale from the lender. I know there are leans on the house. The builder left town and didn’t finish the house completely. The seller (bank) will provide title insurance as part of escrow. Am I protected from any leans? Is there anything else I need to worry about with this transaction? Thanks
So, if title insurance is issued, am I insured against any leans that are on the property?
What would happen if someone put a lean on the house after escrow is closed? Thanks
Jun 212011
This Summer my girlfriend and I are going to Italy for 3 weeks and have to pay in full upfront for the house we’re staying at. It’s a fair amount of money and although we have a good feeling about the company we’re dealing with, we’d still like to feel more secure. Protection against possible [...]
Lets say you kill the neighbors kid by running him over. The family decides to sue you for 3 million. Your car only carries 100,000 in liability. The family decides to sue you and try to get your house. Home insurance is just 100K if someone gets hurt in your property. Not sure if that [...]
Jun 072011
a lender b. veteran c. seller d. assets of the federal national mortgage association When the Department of Veterans Affairs guarantees a loan it does so in order to protect the:
My daughter and son-in-law and two small children moved to the US from Italy and have been living with my husband and me for the past 7 months. They want to buy a house, have $ 75,000 in cash to put down and I recently took out a second mortgage (fixed 15 year 6% home [...]
May 172011
My father bought a house in his name for me 10 years ago. I make all the payments, but the mortgage loan is in his name. A few years ago, he got married to a woman half my age. My dad is older, and in ok health, but the new wife ran off with a [...]
My in-laws purchased a home and got a loan under my wife’s name prior to us getting married. They used my wife’s name because they weren’t able to get a loan themselves. They make all the payments on the home. My wife and I don’t live there nor do we have any intention of living [...]
I have worked very hard to get to where I am, graduated college a few years back with two degrees, worked throughout – have great credit and no debt other than finishing up with student loans. I have my own business, and while I don’t make a lot of money it’s enough for both of [...]
Recent Comments