Sally K. & David L. Hanson, WI Realtors - Luxury - Divorce  (EXP Realty 414-525-0563)

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Rainmaker
984,208
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

No change in midstream but this can often be seen where there's been a divorce or death occur.

Jun 17, 2015 11:40 PM
Rainmaker
744,682
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Yes.  a $260,000 in accumulated code violation liens on a $145,000 house.

No, I did not change title companies. I negotiated the liens, did a miraculous job keeping the buyers on board, and closed 45 days later.

The new owners are delighted with their new house and have benefited from the rapid appriciation that was known to be on the way.

Jun 17, 2015 11:35 PM
Rainmaker
5,269,021
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

That is a little late in the game to change title companies. I would ask why the listing agent failed to have that information from the date of the listing agreement. 

Jun 17, 2015 11:14 PM
Rainer
223,565
Ron Climer
Keller Williams Realty Mountain Partners - Tryon, NC

Yes that happens.  Who is the most surprised person ?  The Seller "Oh I didn't know I had that lien for $50,000.  I thought the lien fairy forgave that lien." .  After about ten years in real estate , I learned to suspect that their was a lien that they were not telling me about.  Every time I suspected that, I had a title search done and I was right.  The seller always knows.  Changing title companies is not the answer.  Ask the seller several times ,"Are there any other liens besides your first mortgage.  Most of the time the lien is not more than the sellers equity so the only consequence is instead of netting $75,000 at closing like I told you you would Mr. Seller, you will only net $25,000 because the lienholder WILL get paid.  No I will not reduce my commission because you lied to me about how much you owe on your house. 

Jun 18, 2015 11:11 PM
Rainmaker
4,796,551
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Yikes.  Haven't had this happen to me and hopefully it won't.

Jun 18, 2015 04:53 AM
Rainmaker
1,367,327
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Sally K. & David L. Hanson Fortunately, I work with an attorney who does a title search very early in the closing process.

Jun 18, 2015 03:00 AM
Ambassador
2,736,118
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Title companies that don't invest in an abstract until the last minute are not ones that I want to use.

Jun 18, 2015 02:56 AM
Rainmaker
212,319
Stefan Winter
Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV
Owner - Winter Group & Real Estate Web Tech

I think it was 5 days before clothing, managed to make it work amazingly, luckly it was a small lien. Never fun.

Jun 18, 2015 02:42 AM
Rainmaker
698,807
Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

If you had used an attorney you would have found out 72 hours after the closing date.

Jun 18, 2015 02:21 AM
Rainmaker
1,523,082
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Haven't had that happen, but if it did, it may not be the fault of the title company, but the seller for not diclosing. Our title companies do two title searches. One when they open the file and the second within 24 hours of closing.

Jun 18, 2015 12:28 AM