Got a certificate of title from court forceclosure, can i sell ?

3 Replies

I received a certificate of title from the courthouse after i paid $320k to win the bid. There was only one bank that owned the property, so there was no second mortgage, irs lien, contractor lien or hoa lien etc, as far as lien goes. I think i am in the green because the foreclosure documents from the court clearly stated the named defendants and their hiers, estate, successor are forever foreclosed upon.

It also states i have to right to get a writ of possession shall they not leave without further order of the court. If i want a write of possession , i just have to ask to clerk of the court for it , in order to get them out if needs be. The house is in good condition. Did i make a mistake by getting a certificate of title. Is there anything i missed or need to be on the lookout for now. The clerk of the court will distribute the money to pay off court costs, doc stamps, attorney fees and then pay off the primary plaintiff judgement amount. So if the plaintiff will be paid off what is in their final judgement amount ,then i assume i can ask the plaintiff to file a mortgage satisfaction ??? is this right ? will they file a mortgage satisfaction ? please help, i am kinda worried about the 320k i invested.

Originally posted by @Lucky B. :

I received a certificate of title from the courthouse after i paid $320k to win the bid. There was only one bank that owned the property, so there was no second mortgage, irs lien, contractor lien or hoa lien etc, as far as lien goes. I think i am in the green because the foreclosure documents from the court clearly stated the named defendants and their hiers, estate, successor are forever foreclosed upon.

It also states i have to right to get a writ of possession shall they not leave without further order of the court. If i want a write of possession , i just have to ask to clerk of the court for it , in order to get them out if needs be. The house is in good condition. Did i make a mistake by getting a certificate of title. Is there anything i missed or need to be on the lookout for now. The clerk of the court will distribute the money to pay off court costs, doc stamps, attorney fees and then pay off the primary plaintiff judgement amount. So if the plaintiff will be paid off what is in their final judgement amount ,then i assume i can ask the plaintiff to file a mortgage satisfaction ??? is this right ? will they file a mortgage satisfaction ? please help, i am kinda worried about the 320k i invested.

 Contact a Title Company in the state the property is in and follow their instructions.

you don't think i thought about that. your answer was not really helpful.

Originally posted by @Account Closed :
Originally posted by @Lucky B.:

I received a certificate of title from the courthouse after i paid $320k to win the bid. There was only one bank that owned the property, so there was no second mortgage, irs lien, contractor lien or hoa lien etc, as far as lien goes. I think i am in the green because the foreclosure documents from the court clearly stated the named defendants and their hiers, estate, successor are forever foreclosed upon.

It also states i have to right to get a writ of possession shall they not leave without further order of the court. If i want a write of possession , i just have to ask to clerk of the court for it , in order to get them out if needs be. The house is in good condition. Did i make a mistake by getting a certificate of title. Is there anything i missed or need to be on the lookout for now. The clerk of the court will distribute the money to pay off court costs, doc stamps, attorney fees and then pay off the primary plaintiff judgement amount. So if the plaintiff will be paid off what is in their final judgement amount ,then i assume i can ask the plaintiff to file a mortgage satisfaction ??? is this right ? will they file a mortgage satisfaction ? please help, i am kinda worried about the 320k i invested.

 Contact a Title Company in the state the property is in and follow their instructions.

Originally posted by @Lucky B. :
you don't think i thought about that. your answer was not really helpful.

Originally posted by @Mike M.:
Originally posted by @Lucky B.:

I received a certificate of title from the courthouse after i paid $320k to win the bid. There was only one bank that owned the property, so there was no second mortgage, irs lien, contractor lien or hoa lien etc, as far as lien goes. I think i am in the green because the foreclosure documents from the court clearly stated the named defendants and their hiers, estate, successor are forever foreclosed upon.

It also states i have to right to get a writ of possession shall they not leave without further order of the court. If i want a write of possession , i just have to ask to clerk of the court for it , in order to get them out if needs be. The house is in good condition. Did i make a mistake by getting a certificate of title. Is there anything i missed or need to be on the lookout for now. The clerk of the court will distribute the money to pay off court costs, doc stamps, attorney fees and then pay off the primary plaintiff judgement amount. So if the plaintiff will be paid off what is in their final judgement amount ,then i assume i can ask the plaintiff to file a mortgage satisfaction ??? is this right ? will they file a mortgage satisfaction ? please help, i am kinda worried about the 320k i invested.

 Contact a Title Company in the state the property is in and follow their instructions.

 Chill out. You didn't include that pertinent information in your post. Perhaps you should try another board where rudeness gets you answers. That is not this one. People here are NICE!  ;-)