Everybody seems to be talking about the freeze on bank owned homes. I have it on very good authority that homes offered for sale after the bank has taken title to the property arenot affected by the freeze. If a bank takes Title to the property, it is available for resale and there is no holdup to the closing process due to any past legall or technical problems. Many buyers are afraid to purchase bank owned properties forfear that they will lose the house. Not to worry, if a Title Insurance policy is provided, the house is yours and the Title policy will cover you against all future claims. This makes Bank owned properties, still, the best value on the market today.
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