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[+] Work Slow Down - Jason Knowles/AL (5 replies)
4/26/2012 3:06:08 PM (3948 views)

[+] Eclipse Real Estate Services - J Nisonger/CA (11 replies)
4/25/2012 4:04:38 PM (4362 views)

[+] ESS/Efficax/Real Estate Streams, et al - Jack Borgland/AL (3 replies)
4/21/2012 12:53:11 PM (5426 views)

[+] Comment on "30 Louisiana Clerks of Court Sue MERS for Thousands per Mortgage" - Source of Title/OH (4 replies)
4/20/2012 6:21:50 PM (3525 views)

TIAC E&O - F P/VA
4/20/2012 2:17:03 PM (2891 views)




[-] Altisource New Requirements - Karen Hurley/KY (8 replies)
4/19/2012 3:10:22 PM (4689 views)
Re: Altisource New Requirements - Patrick Scott/IL
4/19/2012 7:28:28 PM (5203 views)
Re: Altisource New Requirements - F P/VA
4/19/2012 8:29:13 PM (5150 views)
Re: Altisource New Requirements - CHARLENE  PERRY/MD
4/20/2012 1:17:16 PM (4945 views)
Re: Altisource New Requirements - Robert Franco/OH
4/20/2012 1:39:13 PM (4981 views)

I have been involved in a couple of foreclosure cases where the legal descriptions were really screwed up.  In one of them, the lender had not included one of the lots and the house sat squarely on both of them!  My client was not liable on the note and did not want the house, so I tried to explain the problem to the foreclosure firm... I even gave them the legal description and told them to amend their complaint to add a reformation claim.  They did... but screwed that one up too and had to do it all over again. 

The next one was the opposite. The lender only took a mortgage on one 5 acre parcel with a house on it, but the owner also owned the 11 acres next to it with another house on it.  My client had the first mortgage on the 11 acres.  Unfortunately, when the foreclosure firm ordered the title work, it showed the 11 acres, too.  Lender must have thought they intended to mortgage both contiguous parcels so they filed a reformation claim to include the 11 acres, too.  My client was in the midst of working out a deed-in-lieu on that 11 acres and it screwed everything up... took them nearly 6 months to figure out they made a mistake and drop their reformation claim.

The people searching these title need to be very cautious and clear becasue the foreclosure firms clearly do not understand title work... or much else for that matter.

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Re: Altisource New Requirements - CHARLENE  PERRY/MD
4/20/2012 1:42:56 PM (5032 views)
Re: Altisource New Requirements - Robert Franco/OH
4/20/2012 9:27:07 AM (5051 views)
If The Legal Doesn't Match, It Doesn't Attach - Scott Perry/PA
4/19/2012 9:57:33 PM (4969 views)
Re: If The Legal Doesn't Match, It Doesn't Attach - george Hubka/MI
4/23/2012 12:43:43 PM (4746 views)

[+] A Rare Apartment Comes on the Market at The Dakota in New York - Leigh Attridge/MA (1 reply)
4/18/2012 5:25:58 PM (5049 views)

[+] Southeast Title and Processing, Lawrenceville, GA - Dianne Barnidge/MS (4 replies)
4/18/2012 5:02:54 PM (3857 views)

[+] Cfacts Flexible Title & Closing Services - Joel Lee/NY (6 replies)
4/18/2012 10:58:10 AM (4425 views)

[+] E&O referral - john rutledge/VA (5 replies)
4/17/2012 8:09:53 PM (3434 views)

[+] I finally get it. - F P/VA (4 replies)
4/17/2012 4:42:34 PM (3497 views)

[+] Altisource - Carrin Reeves/TN (4 replies)
4/17/2012 11:49:01 AM (3783 views)

[+] Comment on "Judge Awards Borrower $3.17M Over Misapplied Mortgage Payments" - Source of Title/OH (3 replies)
4/15/2012 10:01:32 AM (3134 views)

MLQ Attorney Services - WAYNE QUICK/NC
4/14/2012 9:48:13 AM (2827 views)

[+] What happens after a merger?? - Leigh Attridge/MA (7 replies)
4/11/2012 8:22:21 AM (3131 views)


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