Hi,
We bought a house in NH in May 2010 and are in the process of refinancing it
(in Sept 2012). In going thru the refi process, we found out that the seller
of our house had taken a SBA loan, using our current house as collateral.
Seems like the Title and the Closing company completely missed on this lien.
We do have Title Insurance for the house. What are my options?
Thanks,
Andrew
Andrew: This is going to need to be handled by an attorney. Hopefully you got
an owner’s title policy for the value of the home, and not just a lender's
policy.
BizResearcher | Window Shopper |
9/12/2012 - 11:20 am
Have you contacted an attorney? You may need one to help you. I agree that
the title company should have found such an obvious issue unless the lien
wasn't initiated until after you purchased the home.
loanuniverse | Window Shopper | 9/15/2012 - 11:28 pm
an owner’s title policy for the value of the home, and not just a lender's
policy.
BizResearcher | Window Shopper | 9/12/2012 - 11:20 am
the title company should have found such an obvious issue unless the lien
wasn't initiated until after you purchased the home.
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