Buyer Can’t Sue After Bad Foreclosure Sale – Bloomberg

by on October 18, 2011 in Real Estate

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Buyer Can’t Sue After Bad Foreclosure Sale – Bloomberg.

US Bank was not the proper owner of the mortgage when they foreclosed, so  the Massachusetts Supreme Judicial Court upheld a lower court ruling invalidating the title of the buyer.

Suddenly, buying a foreclosure becomes more risky, from a title perspective, than a short sale.  How does a title company insure against this???

Read the full story on Bloomberg HERE

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