As you may recall, I had a buyer close on a house in Neptune Beach, FL, mid February; they are engaged, and he is in the process of moving down here. They just had their first child, and three weeks after closing, she was greeted with eviction notices on her new home.
Since I had involved the title company who closed the purchase, the attorney asked me to secure the Title Commitment Letter, so I emailed them that request, stating the attorney the buyer had retained was requesting it ASAP. (side-note: I've ALWAYS wanted to be an attorney, so I love to refer to attorney representation in communication as I find it tends to expedite things).
The reply I got back was that the company president was working on it, and he had my email request; not QUITE what I was looking for.
However, as I was meeting the buyer to get her signature notarized, I received the following email from the title company:
I enjoyed speaking with you today concerning the issues surrounding the pending eviction related to the above lawsuit. As I understand the facts, Deutsche Bank sold this property in April of 2012 subject to re-acquisition of title following a re-foreclosure. During the time between the sale in April of 2012 and the finalization of the re-foreclosure, this property was re-sold several times. However, on September 6, 2012, the re-foreclosure was finalized and the grantees under the various deeds became holders of “after-acquired title,” thereby making the sales valid and completing the chain of title.
We would like the opportunity to review the facts as discussed with our client. At this time, we are immediately ceasing all eviction efforts in light of this information. Once we confirm the facts as discussed, we anticipate that we will withdraw/dismiss the eviction.
I will send you a confirming e-mail on our decision as soon as we have had the opportunity to verify the facts regarding this property. Thank you for bringing this matter to our attention.
Now, I don't know about re-foreclosure, but I suspect I'll be learning about it shortly.