[Grovenet] question

[John Schrag]

Allen, below is a response from Dave Waffle, city manager. 
john

Thanks for the question.  
Not all buyers agree to obtain a title report, especially if the land is
being sold on land contract.  In that case a bank is not involved to invoke
their version of "due diligence".  We know of property owners who have also
been surprised to learn of delinquent taxes after they purchased land
without a title report.  While title reports are not a guarantee, they
normally will show liens, taxes, special assessments, easements or other
claims filed against a piece of property.  

Dave Wafflle, City Manager
City of Cornelius,


-----Original Message-----
From: grovenet-bounces at rdrop.com [mailto:grovenet-bounces at rdrop.com] On
Behalf Of Allen Warren
Sent: Thursday, March 05, 2009 4:07 PM
To: Forest Grove local interests list
Subject: [Grovenet] question

In this week's News Times is a report on Cornelius officials considering
foreclosure on deliquent properties, i.e. owners of the properties are said
to be deliquent in paying city fees.

One of the owners highlighted is Terry Emmert, who is said to owe $486,340
in principal and interest for sewer and sidewalk improvements near his
property the city performed in the late 1990s.  According to the article,
Emmert is claiming he didn't know he owed anything to the city for the
improvements, which occurred prior to him purchasing the property.

In the past 20 years, my wife and I have purchased & sold a few properties. 
Every time we purchased a new property, we paid fees to a Title company for
Title insurance.

Here are my questions:
#1. Don't commercial property transactions also use involve Title insurance?
#2. Wouldn't fees such as those needing to be collected from Emmert by the
city of Cornelius have shown up in a title search?

just wondering . . . thanks!
 
Allen Warren


      
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