So…what does this mean?
If your thinking of purchasing an REO property or foreclosed property with a loan …the likelyhood is that it won’t happen anytime soon.
Title Insurers are pulling the plug until the Robo Signing matters can be cleared.
With millions of foreclosures pending and millions of REO’s on the market…the reality is bleak at best that a successful foreclosure or REO purchase will be halted until Title Insurers can be assured that there’s no potential issues with the title or vesting of the property.
No “Clouds on title!”
