I met with one of my buyers on this house (links to prior blogs are below) to present two offers on her condo, and then we discussed where they were in the process of defending a "quiet title" suit on the house they just closed on in mid-February of this year.
They had consulted with an attorney, and they now have another attorney, who was hired by the title insurance company.
They still have zero resolution: their attorney stated it could/should take 6-8 weeks to clear up, and gain clear title to the house. The second attorney states it might take 2 years, and even then, the foreclosing bank might just decide the property is worth more than what the title insurance will pay out, which leaves them in an awkward position as far as any improvements.
I'm checking with other sources to see if they should, in fact, retain their own counsel - it seems to me they should.
http://activerain.com/blogsview/3653544/eviction-notice-part-1-neptune-beach-fl
http://activerain.com/blogsview/3653549/eviction-notice-part-2-neptune-beach-fl
http://activerain.com/blogsview/3653559/eviction-notice-part-3-neptune-beach-fl
http://activerain.com/blogsview/3653573/eviction-notice-part-4-neptune-beach-fl-
http://activerain.com/blogsview/3653594/eviction-notice-part-5-neptune-beach-fl
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