[Grovenet] question

[Martha Khoury]

Thanks! That was the question that arose in my mind as well. --MK

On Mar 6, 2009, at 9:24 AM, John Schrag wrote:

> 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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