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Wednesday, December 5, 2012
Tuesday, October 16, 2012
Friday, September 21, 2012
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7 Smart Strategies for Kitchen Remodeling
Kitchen remodeling can turn a ho-hum room into your home’s pride and joy. Here are strategies to help your project run smoothly. Read
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7 Smart Strategies for Bathroom Remodeling
Here’s how to get the bathroom of your dreams without making your budget a nightmare. Read
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Evaluate Your House for Basement Finishing
Some unfinished basements are better basement finishing candidates than others. Here’s how to evaluate your space for a basement finishing. Read
Visit houselogic.com for more articles like this.
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Thursday, September 20, 2012
Cincinnati August 2012 Home Sales Press Release
Please click on the link below to see the “August 2012” home sales press release from CABR that was sent to the media today.
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Saturday, January 7, 2012
A Foreclosure purchaser may own nothing.
Great article from Prodigy Title!
Problems with a foreclosure case are inherited by the buyer of the property. If liens are missed, the buyer owns the property with liens on it.
In fact, the defects in the foreclosure case can be so big that the buyer may not get ANY interest in the property at all.
Without the title insurance, Buyers have no protections from foreclosure mistakes. Buyers cannot go after the prior owner, the Court or the attorney. They simply must deal with the problems they just inherited. And as I have noticed, the problems keep increasing.
A buyer of one such property was told he had a complete failure of title and could not sell the property because he did not own the property. He sued. The result is below.
"In a much anticipated decision by the Massachusetts Supreme Judicial Court, the court held that a third party purchaser at a foreclosure sale did not hold title to a property that had improperly been foreclosed upon by the foreclosing lender." - The Legal Description October, 2011
So, after all the time and attorney fees to bring this case to the State Supreme Court, the Buyer still ended up with nothing.
To add to the problem, when buying from a Bank, the closing is often handled by the title agency that performed the foreclosure and missed the liens the first time. They probably won't catch anything new the second time around.
Make sure Buyers understand the importance of insuring their title. Even if your client is buying the property from someone who bought out of foreclosure or from the Bank, they still want the title insurance.
Nicholas D. Perrino
Attorney at Law
Prodigy Title Agency
8080 Beckett Center Dr. #318
West Chester, OH 45069
513 870-9070 PH
513 870-9071 FX
www.ProdigyTitle.com
Problems with a foreclosure case are inherited by the buyer of the property. If liens are missed, the buyer owns the property with liens on it.
In fact, the defects in the foreclosure case can be so big that the buyer may not get ANY interest in the property at all.
Without the title insurance, Buyers have no protections from foreclosure mistakes. Buyers cannot go after the prior owner, the Court or the attorney. They simply must deal with the problems they just inherited. And as I have noticed, the problems keep increasing.
A buyer of one such property was told he had a complete failure of title and could not sell the property because he did not own the property. He sued. The result is below.
"In a much anticipated decision by the Massachusetts Supreme Judicial Court, the court held that a third party purchaser at a foreclosure sale did not hold title to a property that had improperly been foreclosed upon by the foreclosing lender." - The Legal Description October, 2011
So, after all the time and attorney fees to bring this case to the State Supreme Court, the Buyer still ended up with nothing.
To add to the problem, when buying from a Bank, the closing is often handled by the title agency that performed the foreclosure and missed the liens the first time. They probably won't catch anything new the second time around.
Make sure Buyers understand the importance of insuring their title. Even if your client is buying the property from someone who bought out of foreclosure or from the Bank, they still want the title insurance.
Nicholas D. Perrino
Attorney at Law
Prodigy Title Agency
8080 Beckett Center Dr. #318
West Chester, OH 45069
513 870-9070 PH
513 870-9071 FX
www.ProdigyTitle.com
Friday, January 6, 2012
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