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that s the thing if you re not buying from a bank. if you do get your heart set on a bank owned property and you re just not sure about what the risk to you is, is get the name of the bank that owns the property and the address to your title insurer as early as possible trains action. what you want to do is make sure you can get a title insurance policy before you start shelling out a whole lot of money for inschecktions and appraisals. if you re currently in contract on one of the homes affected by the freeze you ve been notified that your sale will be suspended and escrow will be pushed out. thanks very much with those consumer tips there because this is a crazy time right now in the housing market, particularly if you re pabuying a bank owned property. what member of congress once operate ad 30 subway restaurants. the answer is louisiana congressman john fleming. he ran 30 subway shops as a
ThingBankPropertyNameTitle-insurerHeart-setRiskAddressLotOutside-moneyFreezeTitle-insurance-policyInevitable. most of these foreclosures will eventually happen and that will delay the recovery of the housing market. let s get consumer friendly. if you re in the mid. a purchase from a bank on a foreclosure, obviously the single most important thing to get is title insurance, correct? well, that s absolutely right. normally we tell buyers don t worry about this kind of thing that s what your title insurance policy is about. interestingly enough in the last sort of the last week three of the nation s largest title insurers have come out to say they won t write poilgs on a lot of these bank owned properties until they are satisfied that the foreclosures were processed correctly and handled correctly so i have a number of tips, pieces of advice. first off if you re in the market for one of these foreclosured or bang owned properties don t underestimate the value, the deal that you can get on an individually owned property. a lot of times you can get just as nice a property at just
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