Updated over 9 years ago on . Most recent reply
12 Year Old On Title - Get That Title Insurance
Was in the process on closing on a property this week. The title research conducted by the abstractor concluded that a 12 year old was on the title. Apparently the entire family was put on the title.
Of course the 12 year old should have never been put on the title, and the 12 year can not sign the title over to me. Now they have to take the property to probate court to resolve the problem.
I am going to offer to extend the contract however they must reduce the price for every month that goes by.
Has anyone ever dealt with a situation like this? What is they do not have the money to go to probate?
Makes you want to always get title insurance and a thorough title check no matter what. Could you imagine what would have happened if I bought this property at a foreclosure auction.