On 01-11-2020, I signed the contract with the owner, and the closing date is 02-14-2020. After the house is closed, someone send me a notice on 02-16-2020 that the property had been foreclosed on 02-04-2020, and their deed is recorded on 02-11-2020. Nobody sent me any notice before the closing date. Now I only have a warranty deed that had not been recorded. I already filed a claim using the title insurance. The seller said they filed for bankruptcy before and their lender had no right to foreclose the property. I don't know how long does it take to investigate the problem. I do have a owner's title insurance. Is it possible for me to just get my money back without having to waste my time on investigate about the deed? I don't have to get the property I just don't want any financial lost on my side.
The owners title police will protect you, although it will likely take a while to sort it out legally.
