Title issue on potential flip(foreclosure)...Help!
Hey BP family,
I was wondering if any of you genius' out there could give me some direction. There is a foreclosure that I'm interested in purchasing to flip and it apparently has a title issue. I feel it has scared a number of people away but that could be a good thing as it's been on the market for about 3 months and it's already priced pretty low.
Apparently there was one lot that was left off the legal description some point during the property’s history of mortgages/transfers. I'm not sure if this is a small problem that can be fixed relatively easy or this is a huge problem that screams STAY AWAY!
Can someone who knows about these things provide any insight?