Updated about 6 years ago on .
Property history concerns? Treasury Dept Auction Drug Bust
Under contract to purchase a SFR - our first investment for long term buy and hold. The seller purchased the property via Treasury Dept Auction in 2016. The property had been seized by the government after the then owner was convicted in a multi-million dollar drug bust. We were informed that the original title company would not provide commitment/title insurance because that prior owner that was convicted is appealing the seizures. Assuming a clean title, should we be concerned about this convicted individual's appeal process, litigation of any kind against us as new owners, or future issues with the property due to the convicted person visiting the property? Currently waiting on new title company and opening communication with an attorney. Supposed to close this week if we proceed.