All Forum Posts by: Catherine Becker

@Don Konipol Thank you for your insight. I will tell her.

@Bruce Lynn no realtors involved. Off market transaction.

@Bruce Lynn it’s the federal and state pay offs we are waiting for. I talked to the escrow officer and she said all she will do is wait and it could take time. Thank you your insights.

I have a house in escrow that is an estate that is heading towards a foreclosure auction because there are multiple liens against the property including federal and state tax liens. The primary mortgage holder agreed to and sent a pay off amount, but we weren't able to close because we didn't get the other pay offs and couldn't get title insurance. We were planning on using a conventional mortgage and have already been approved. I've talked to two lawyers, an accountant, escrow, and a real estate broker, but no one seems to know what we can do to get this information. We would have substantial equity if it closes and have been working on the deal for months. Now its a race before the auction date. Does anyone have experience/insight in what we might do be able to close, get the pay offs and/or title insurance?

@Sean Dougherty How did it go?