Posted by NEBeef on January 14, 2011 at 06:08:45 from (198.51.119.153):
In Reply to: John T.; Property Law posted by NEsota on January 13, 2011 at 06:19:48:
Title insurance is a must, but it's only worth so much. When you get tossed from a house that you have title insurance on, will that insurance cover your moving expenses, the cost of any improvements you've done, storage for all your household goods and rent while you try and find another pace to live, etc., etc.?
By coincidence, my son was looking at buying a bank owned property when this ruling was handed down. He didn't end up making an offer on that property for other reasons, but there was some serious re-thinking the property because of this as well.
If a property was taken away from someone illegally, you sure can't blame them for wanting to recover it, but that makes buying these properties riskier - which means the prices will probably go down further to cover the additional risk.
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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