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To: D. Long who wrote (273122)10/8/2008 3:12:41 PM
From: Alan Smithee  Respond to of 793977
 
I suppose real estate is quit claimed at foreclosure, so there's no breach of warranties. That's the pits.

In my state it's done by Trustee's deed, from the Trustee on the Deed of Trust.

And correct, no warranties.



To: D. Long who wrote (273122)10/8/2008 3:24:33 PM
From: LindyBill  Respond to of 793977
 
That's the pits.

Here we would just send over two 300lb islanders to reason with them.



To: D. Long who wrote (273122)10/8/2008 4:40:32 PM
From: jlallen  Respond to of 793977
 
It is even a lesser standard than quitclaim.....usually the only covenant a foreclosure deed has is that the sale was properly conducted under state law.....the buyer takes subject to all matters which take precedence to the mortgage such as municipal liens.....

J.


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