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Who can be held responsible (sued)

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Icon Mini Profile bcpatrol



Joined: 19 Aug 2008

Posts: 1



1.38 Dollars($)

PostPosted: Tue Aug 19, 2008 7:39 am    Post subject: Who can be held responsible (sued)

I bought a home 5 years ago. I am now tring to sell it. During the closing there was a problem with the title from the owner who died in 1984 and left it to his wife in his will. That will was probated. The wife died and left it to her heirs in a will which was probated. I have title insurance. My closing attorney said the title searcher missed this from 1984. I have a contract on some land that I was going to buy with the proceeds from the sell. The buyers are talking about backing away. So I will have my old mortgage without a clear title and new mortgage plus I was renting while we built a house and will be out that money. Can I hold anyone legally responsible sue them for any money.
 
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Icon Mini Profile jheard
jheard
Moderator

Joined: 12 Dec 2007

Posts: 471
Location: Houston, TX


80.30 Dollars($)

PostPosted: Tue Aug 19, 2008 7:44 am    Post subject:

Make a claim on your title insurance. Talk to your closing attorney.
_________________
This is not legal advice and I am not your lawyer. The information provided in this forum is for discussion purposes only, and is no substitute for an in-person consultation with an attorney who can analyze all of the facts and determine how your state and local laws may apply to your specific situation.
 
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Icon Mini Profile adonis
adonis


Joined: 22 Oct 2005



Posts: 1498
Location: ALASKA


145.26 Dollars($)

PostPosted: Tue Aug 19, 2008 11:15 pm    Post subject:

I suppose that's the right thing to do - claim your title insurance coverage.
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Procrastination is the enemy of your financial sucess
 
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