Items 31 to 40 coming up! To learn the first 30 items of 70 something ways to lose your home, part one, click here. Here we go:
31. In affective release of prior satisfaction of mortgage due to bankruptcy or creditor prior to recording of release (avoiding powers in bankruptcy)
32. In affective release of prior mortgage or lien, as fraudulently obtained by predecessor in title.
33. Disputed release of prior mortgage or lien, as given as mistake or misunderstanding
34. In affective subordination agreement, causing junior lien to be reinstated to priority
35. Deed recorded but not properly indexed so as to be locatable in the land records
36. Undisclosed but recorded State or Federal Tax Lien
37. Undisclosed but recorded judgment or Spousal/Child Support Lien
38. Undisclosed but recorded prior mortgage
39. Undisclosed but recorded notice of pending law suit affecting land
40. Undisclosed but recorded environmental lien
The list continues to bring to the front how easily someone can lose their property without the proper and expert care of a Title Insurance Company such as Metropolitan Title. Call Scott York at 574-293-9111 with any questions you may have. For Real Estate questions, call Elkhart Real Estate Expert Evelyn Johnston with Prudential One Realty at 574-304-7148.
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Evelyn: Thanks for the list. Wouldn't most if not all of these items be discovered in easily in any title examination? If someone is financing a purchase is the lender going to make sure these items are discovered? Even if one of the items is not discovered will each one necessarily result in someone losing their home?