Tuesday, February 12, 2013

Couple Who Recently Paid All Cash For What They Thought Was Mortgage-Free Home Now Face The Boot Over Newly-Discovered Lien; Blame Title Company For Botched Land Records Search

In Lehigh Acres, Florida, WZVN-TV Channel 7 reports:
  • A Pennsylvania couple recently purchased their retirement dream home in Lehigh Acres by using an online auction company.

    Ralph and Linda Donely paid $65,000 cash for the home only to discover an eviction notice on their front door months later. "They say we own the house free and clear. I said we can't. We're getting evicted. How can it be ours?" said Lind Donley.

    It turns out a second mortgage on the property surfaced and the home went into foreclosure.

    "The title company didn't do their job at all." said Ralph. The Donley's did have title insurance. While they're expected to get their money back they will not get money for upgrades they made to their home.
For the story, see Couple evicted from dream home.