I got an email from my agent over the weekend saying she shows the previous owners as still owning the home. I know our county's tax online system is always a few weeks behind, but it's been almost two months since we closed, so I do a little investigating. First, I do a search on our county's online records (different from the tax records search), and don't see the deed or DOT's recordings for the property. Uh-oh. I then look in my closing documents for the house and notice the Special Warranty Deed that HUD issues the buyer at closing is completely missing the legal description for the property. Ugh. This doesn't look good. Now it appears I have TWO problems, and I can't do anything until Monday when everyone is open again.
After calling this person and that person and getting transferred here and there (I think I told everyone how fun HUD's were - right?), I finally got hold of the person who has my file and is responsible for the recordings. Unfortunately, she's not there and will have to call me back. Oh joy.
I'm sure this will all get resolved quickly (ha!) and easily (hahaha!!!).
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3 comments:
How mortgage fraud works. Don't get taken.
Oh, crap, that sucks. And, HUD sucks. I avoid it like the plague. Then again, I did get a really nice little house by going HUD and did well with it financially. It just took five months of wading through brain-numbing, aneurism-making issues and requirements to get it. Halfway through the five months, I remember I wanted to back out. I'm glad I didn't, though. I just may have to wait a good, long time before I go HUD again!
Trisha -
HUDs are definately not for the squimish, faint of heart, or for those who are used to things being done yesterday. That being said, both my deals were HUDs and people can definately find some good deals with them. They just have to know what they are in for beforehand. ;-)
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