Foreclosure Title Insurance
Providing Title Insurance Assistance to Buyers Purchasing Bank Owned Property and Foreclosures From Online Auctions
In today’s real estate market, the importance of having an experienced real estate lawyer representing you when purchasing a bank owned property or foreclosure at an online auction cannot be measured.It is a must to have someone review the documents for compliance with all of the customary procedures for issuing a title insurance policy for a foreclosed property.Today, title companies representing banks that sell bank owned property acquired through foreclosure are taking a risk of claims being made against those policies by prior homeowners and/or other banking institutions.The same way banks were sloppy with creating and foreclosing on mortgages, it is easy for a title insurance company to be just as sloppy and to miss or overlook problems. This is especially true where the property they are insuring was acquired by questionable means.
Buying a foreclosure today is risky business. More than ever, title insurance companies are obligated to review a foreclosure lawsuit file to insure that the foreclosure was performed correctly, including examining the chain of ownership of the mortgage documents. The same is true when purchasing property from an online foreclosure auction. In this regard, Larry Tolchinsky requires that the bank’s title insurance company provide evidence that is has satisfied its obligations.The benefit of doing so, is to try and minimize the risk of prior homeowners or other banks claiming an interest in the home being purchased. Additionally, Purchasing property from online foreclosure auctions must be done with extreme caution because of the special issues that arise in that arena, including prior liens and mortgages, outstanding judgments, municipal and association liens, and other hidden traps.
Larry represents Buyers buying foreclosure property located in Hallandale, Hollywood, Aventura, Fort Lauderdale, Miramar, Pembroke Pines, Weston, Davie, North Miami Beach, Dania Beach and all other cities in Dade and Broward County.
Experienced Florida Title Insurance Attorney
Larry Tolchinsky’s 17 years of experience handling Florida title insurance matters makes him qualified to handle even the most complicated cases. A simple call puts you in contact with a committed, local attorney who will handle all aspects of your file and work hard to help you get what you deserve. Larry is a reputable Florida real estate lawyer who will use his best efforts to minimize the risks associated with title insurance today. If you or someone you know is buying a bank owned property, contact Larry Tolchinsky, an experienced Title Insurance Attorney, today for a free consultation.
Call (954) 458-8655 to Speak With An Experienced Florida Real Estate Lawyer
Contact Larry Tolchinsky to find out how he can help you. You can contact him by phone at 954-458-8655 or by e-mail through this web site to schedule an appointment and learn more about your rights from a South Florida real estate lawyer. He offers a free initial telephone consultation.
To learn more about Larry Tolchinsky, click on this link: South Florida Real Estate Lawyer
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