deed was not reg.with the county although i have paperwork from title co. stating otherwise. buyer was in the morgage bus. his friend at the title company did the paperwork. both buyer and friend no longer work for previous employers. ive been told im out the 70,000 that was owed to me. something fishy has been done at my expense. don't mean to sound ignorant but apparently the shoe fits if anyone can help attorney or not id would be grateful. if need more info my email address is carpediem4lf@yahoo.com
2007-12-15 13:56:47 · 6 answers · asked by tommy 1 in Business & Finance ➔ Renting & Real Estate
Sounds like your only remedy is to sue the title company. You were told by the title company that your 20% had been recorded, and you relied on that information.
There's a lot of money at stake. You'd better hire a good property attorney.
2007-12-15 14:16:37 · answer #1 · answered by Mr Placid 7 · 2⤊ 1⤋
I work in this business and yes it is the title company you will need to go after, be aware however that you will need a good attorney to help you with this.
How much you recover will depend on the assets of the title company, they probalby only have the min amount of coverage which is $7500, yes 7500 with the insurance company so they rest you will have to recover from the owners and or employees, good luck and hire a GOOD attorney
2007-12-15 14:41:02 · answer #2 · answered by br_foot 2 · 0⤊ 0⤋
Your contemporary lender would have a declare against the call business enterprise (the business enterprise that insured call in 2007, once you purchased the valuables). till now bringing a regulation healthful against all people, discover out in the adventure that your state demands the loser of a lawsuit to pay all legal experts - because of the fact which you will lose. As somebody else pronounced, in case you had sparkling call, the final you could wish for is a quick sale and nil money on your pocket.
2016-11-03 10:12:24 · answer #3 · answered by Erika 4 · 0⤊ 0⤋
Sue the title company. Your lawyer was also at fault for not making sure the deed was recorded (a simple enough thing to do).
2007-12-15 14:27:26 · answer #4 · answered by marie 7 · 0⤊ 0⤋
Sue the title company, sue the employee at the title company, sue the buyer, sue everyone that was involved!
2007-12-15 15:37:11 · answer #5 · answered by checklistenup 1 · 0⤊ 0⤋
OK.. In your escrow if it did not say that you where to be notified if the mortgage was not paid then you should of been keeping a closer eye on the property. If indeed you do have it in the escrow papers. then the escrow company and the mortgage company can be sued. Best of luck.
2007-12-15 14:35:13 · answer #6 · answered by Big Deal Maker 7 · 0⤊ 0⤋