Loan Modification - Free Foreclosure Help - Help Stop Foreclosure » Loss Mitigation Discussion to Stop Foreclosure » Stop Foreclosure - Save my Home » Does a Certificate of Title issued at...

Short Sale    Loan Modification    Loss Mitigation Training    Short Sales Training
Reply
  #1 (permalink)  
Old 02-13-2011, 05:25 PM
Junior Member
 
Join Date: Feb 2011
Posts: 1
Default Does a Certificate of Title issued at...

...Foreclosure guarantee a free and clear title? Hello,My husband and I are buying a house is in Duval County, FL which is sold as REO. The bank has a Certificate of Title and Certificate of Sale on it. However, the title search just showed that a mortgage obtained from a private individual ($30,000, obtained in 2005) has been recorded before the mortgage that was foreclosed on ($109,000, obtained in 2006).I wondered if anyone knows, whether the man (not a bank) who is the lender of the $30,000 can still come after us and try to foreclose or something, even though the bank has foreclosed, has a certificate of title issued by the county, and has final judgment etc. on it.The final judgment (ruled in favor of the bank (plaintiff)) in the foreclosure states:"The court orders:....3) The lien held by the plaintiff is superior in dignity to any right, title, interest, or claims of the Defendants and all persons, firms, or corporations claiming by, through or under the defendants or any of them and the property will be sold free and clear of all claims of the defendants. "The defendants list includes any "unknown parties claiming against" the people who actually obtained the $109,000 mortgage. Would the person who lended them the $30,000 be a defendent then, so that he cannot claim anything at this point.Thank you in advance about any insight you can provide...
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On




All times are GMT -4. The time now is 06:41 AM.
Powered by vBulletin® Version 3.6.7
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd. Free Foreclosure Help