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re: OT Lawyers: Road Home Property
Posted on 5/28/14 at 2:43 pm to Spudly
Posted on 5/28/14 at 2:43 pm to Spudly
Seems to me Party A broke the conditions of the agreement for the funds. A lien or judgment should have been put in place in 2010 before it was sold to party B in 2013.
Curative action would have been required at that point to complete the 2013 sale.
Eta: The title company will get sued, but that's what they have insurance for, and that is exactly why you should buy title insurance.
Curative action would have been required at that point to complete the 2013 sale.
Eta: The title company will get sued, but that's what they have insurance for, and that is exactly why you should buy title insurance.
This post was edited on 5/28/14 at 2:45 pm
2
Posted on 5/28/14 at 2:50 pm to Clyde Tipton
If Party A called Party C to talk about it, would Party B get jealous?
Posted on 5/28/14 at 3:07 pm to Clyde Tipton
quote:
Seems to me Party A broke the conditions of the agreement for the funds. A lien or judgment should have been put in place in 2010 before it was sold to party B in 2013.
Curative action would have been required at that point to complete the 2013 sale.
Eta: The title company will get sued, but that's what they have insurance for, and that is exactly why you should buy title insurance.
Yeah, this was my conclusion as well. No lien has been filed.
Already spoke to Road Home. They said that whoever owns the property is required to comply with the covenants. I don't really agree with them because the covenants seem to expire after 3 years.
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