Q: signing contract auction.com foreclosure before title results.
Hi, i won a bid on auction.com for a foreclosed property the property is being sold as is where is, i would like to know when i need to have a title (i conducted a title search but it still didnt come back) from one side i dont want to lose the deal in the other hand im scared of signing contract without a knowing the title is clean because i think once i signed contract i will be obligated to buy it no matter if title is clean or not and not get back the deposit is that correct or not.
please help they ask me to sign tonight.
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A: Any time, prior to purchasing a foreclosure, you need to retain an experienced mortgage foreclosure defense attorney, who will have the expertise to help you avoid problems with foreclosed properties, which can have devastating financial consequences for the uneducated and unprepared. To properly answer your questions and address your concerns, the best way to handle this is with an in person consultation with an experienced NY mortgage foreclosure attorney.
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