[Grovenet] question

[Jeff Cooper]

I dunno... he says "not all buyers agree to obtain a title report"... was this the case in this particular situation? I can't believe a buyer would forgo a title report and insurance which is a mere pittance against something like this happening on a million dollar property.  I think the city manager is waffling.

--Jeff


--- On Fri, 3/6/09, Martha Khoury <khourym at verizon.net> wrote:

From: Martha Khoury <khourym at verizon.net>
Subject: Re: [Grovenet] question
To: "Forest Grove local interests list" <grovenet at rdrop.com>
Date: Friday, March 6, 2009, 9:44 AM

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,