Patrick,
Thank you for your comment. As to why I was filing a title claim- Fannie Mae requires that we, as Fannie Mae vendors, file a title claim if we feel that we cannot insure the parcel.
As an update it has now been decided, a year later, that in fact there needs to be an action to quiet title filed in this case, as I told them to do a year ago. The outside attorney that was hired to "correct" the problem was ok with re-recording the documents. When I told Fannie Mae to re-assign the matter to the foreclosure attorney because I could not insure, a flurry of activity ensued, and, NOW WAIT FOR IT...... the foreclosure attorney's underwriter won't let them insure either!!! Imagine that. Had someone bothered to look at the legal description, plat it out etc., this would have been caught pre-foreclosure. Just another example of why not to let the foreclosure attorney conduct the closing for the buyer.
Had this gone to sale to an arms length purchaser and had anyone bothered to check this legal description out, the buyer would be in a world of hurt. So here we are a year later and this property continue to linger on my desk awaiting outcome of the suit to quiet title.
Thank for your interest in my rants and ravings.
Charlene
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