Did the bank drop the ball?

Question

I am needing some opinions and suggestions I have a gentleman who is still on title to his house and believes his house has been foreclosed on its been vacant for over 5 years the tax lien is pending but I cant find any information through the county sites  about a foreclosure on this property even did a title search on fiverr  (for the time being not an actual title co I was told sometimes the bank drops the ball and don't foreclose on some homes he is reluctant to call the bank.

Kathy Utiss · Answer

Oh what a fun thread..I would definitely go to the county direct not online :) Cinncinnati is in Hamilton County OH. If your not finding info thru the county did the homeowner file a bankruptcy? I know of a homeowner that did a Chp 7 to walk away. The bank placed it for collections but never foreclosed.  Wanted the homeowner to pay although debt was discharged. The home was actually sold but never retrieved by the lender. Unless a certain form was signed. As the bank didn't retrieve the funds in time the county wouldn't release them to the lender. Homeowner was willing to sign whatever bank wanted. Never got the form. No foreclosure home remained in his name and still (responsible)had to pay taxes and up keep on property.  Needless to say they pulled the file... Talk about a convoluted file.

Wayne Brooks · Answer

County records will show if it has been foreclosed on.....unlikely as he likely would have been evicted by now.  The loan didn’t magically go away.  You have to get a payoff from the bank at some point

Fred Shatzoff · Answer

@Henry Marshall  If you want to buy the house hurry get it under contract anything shows up on title.  Don't call the bank.

Henry Marshall · Answer

@Kathy Utiss yes weird situation I believe this is a similar situation thanks Kathy.

Henry Marshall · Answer

@Fred Shatzoff thanks for your opinion.

Did the bank drop the ball?

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