Eviction Notice, Part 6, Neptune Beach, FL

Real Estate Agent with Berkshire Hathaway Home Services Florida Network Realty BK 3030920

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. 






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Carol Zingone is a full service Broker Associate proudly affiliated with Berkshire Hathaway HomeServices Florida Network Realty in Atlantic Beach, FL.  I help buyers and sellers locally, regionally, and internationally.  With hundreds of happy buyers and sellers over the course of my career, I'm thrilled to help first time buyers, military buyers, seniors, investors, 1031 exchange properties, short sales and REO's.  I have spent hours honing my expertise, including the designations of: Graduate Realtor Institute (GRI), Loss Mitigation Certification (LMC) , Short Sales, Foreclosures, REO's, (SFR), and Senior Real Estate Specialist (SRES).  I pride myself on providing excellent expertise to all buyers and sellers. Search the MLS via www.carolzingone.com  for Jacksonville and area listings!


Comments (1)

Ki Gray
SkiHomes.com LLC - Aspen, CO
SkiHomes.com - the ultimate snowsport home search!

Definitely seems like it could be a complicated situation.  Best of luck, Carol.

Apr 17, 2013 04:21 AM