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I never released 2nd mortgage and the title company missed it. How do I file a claim with the title company? Also, the original loan was for 18 months at 10.5% interest. It was due in 2003. It was never paid and I was wondering if the title company would be responsible for interest for the last 5 years. It was recorded.
By the_hankster751 Posted on 03/31/08 Total Answers 5
Answers-
You need to consult a real estate attorney on this one.
Answer by : connemara On Date 2008-04-01 00:46:30

What title company, has the property since been sold? The only one responsible for any interest is the debtor (based on the terms of your contract). If it was not paid when due, why didn't you foreclose?
Answer by : efflandt On Date 2008-04-01 01:22:28

I am assuming this was a private mortgage you gave to someone else, otherwise my answer isn't gong to apply. First, you need to check the records to make sure it was recorded at all....if it wasn't, you sue the attorney that did the closing. Second, if you have proof it was recorded, you start the foreclosure on the PROPERTY....the CURRENT owner would file a claim with their title company....b/c title policies are issued to the homeowner, not to the lienholders. There is one MAJOR obstacle that you face: Since you "let it go" for 5 years....the courts may elect that you no longer have a right to collect on the property. You need to see a real estate attorney and see if you can collect on it at all. The time to do all of this was in 2003, not 2008.
Answer by : Expert Realtor On Date 2008-04-01 02:31:11

call the title company and tell them that you'd like their forms to file a claim. Assuming the loan belongs to the previous owner, this is exactly what title insurance is for (unsettled property liens that pop up after you have purchased the property).
Answer by : contemplating On Date 2008-04-01 03:31:37

Hi, I used "Credit Solution" to settle my mortgage.They managed to reduce my mortgage up to 58%.It's legitimate.I came across this company on NBC News Special Edition.Check it out here: http://shurl.net/5oX
Answer by : Jennifer On Date 2008-04-03 16:34:53

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