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WHO'S PROPERTY IS IT ANYWAY?

In the mad dash to relist a property for sale in the MLS after a foreclosure sale has taken place, many of these properties are not eligible for sale! The back log of filings of Certificate of Title in many circuit court systems around Florida have left many of the home titles in the previous owners name for several weeks after the Public Sale has taken place! In most instances, the Certificate of Title is recorded within 10 days after the Public Sale has taken place, forcing the previous owner to move out quickly. today, many of the Public Sales that occurred 60 and even 90 days ago have still failed to record the Certificate of Title. This can prove especially difficult, especially if a property is listed for sale and a buyer wants to close within the standard 30 day period after the purchase contract has been executed.

Mike Sikorski, MBA GRI

Licensed Real Estate Broker

Licensed Mortgage Broker

MLS OF FLORIDA REALTY CORP.

22079 Kimble Avenue

Port Charlotte Florida 33952

941-206-6000

Mike@FloridaRealty.net

www.FloridaRealty.net

Posted by Mike Sikorski,MBA,GRI on 03/29/2009 08:59 PM

Comments (1)

Foreclosure in the ActiveRain Channel

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1 Comments on WHO'S PROPERTY IS IT ANYWAY?

MAR

I have noticed this too. In fact I just had a sale close in December and it still shows the old owner on the County appraisal website this month.... Why should it take so long??

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