Updated about 10 years ago on . Most recent reply
Tax lien discovered
We are are flipping a house and just put it under contract with a buyer. Their title company just informed me the examiner found a recorded tax lien from a few years ago of over $23,000. The house has been sold twice since then, the most recent to me about a year ago. So why would my title company give me a commitment for title insurance with this lien on the books back when I purchased the property? If they missed it, are they liable? Just looking for possible explanations and options, thanks!!
Most Popular Reply
When you purchased the property one year ago, did you purchase title insurance at that time? Title Insurance covers you for past problems unless they disclosed this to you and excluded it from coverage. If you purchased insurance the last time you bought the property, contact the title company who sold you the policy and get their take on it.
