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Important Question

NickL profile photo
  • Wednesday, October 22, 2003 @ 10:19 PM EDT
  • 2 Comments

How does one get title insurance on a foreclosed property?? I can't see getting title insurance & hense, any type of financing because of liens on the property??

Comments(2)

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    gambler22nd October, 2003

    if its a true foreclosed property the bank would supply title ins. if you buy it at the court house steps in northen michigan on a preforecloser. you can have them do a serch before you buy it and they will insure after 6 months ( redeption ).

  • no photo
    NickL22nd October, 2003

    So, can you get conventional financing for a property in foreclosure (assuming you can get the required title insurance)??, or do you have to pay cash in full at the auction??

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