Toxic Titles: Florida Couple Evicted from Dream Home After They Pay Cash for the Property

Eviction

Couple evicted from dream home

LEHIGH ACRES, FL – 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.

More here…

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4closureFraud.org

Comments
8 Responses to “Toxic Titles: Florida Couple Evicted from Dream Home After They Pay Cash for the Property”
  1. 2 Pirates Over 40 says:

    What are people thinking right now, that they are getting the deal of a life time…..what the F*** up …..people, there is just to much corruption in title to be buying a pre-existing foreclosed home, this is only one of the same stories you are going to hear about in the not so far off future…….

  2. Fed Up says:

    Good job Thank You Representative Kathleen Passidomo

    • Not sure on this comment…FED UP…Are you sincere or being sarcastic ?…I myself was hoping the giant phython of the Everglades would pay her a friendly visit to chat over her Bill 87……….

  3. When will people get the idea that it’s not safe to buy a home at this point in time?You are throwing good money after bad and until this problem is sorted out and real action takes place this will not change.I feel bad for this couple however if they had done thier homework and quit buying into the mind set that this can’t happen to me I’m sure they would’ve faired alot better.JMHO.

    • Steve says:

      I predict most title companies will either renig on their insurance claims or be bankrupt in the next 5 years because of chain of title issues. No one knows who owns the property with securitization, failure to transfer paperwork, double and triple dipping at the front end when the banks “sold” the original mortgage, etc. Talk about stalling the real estate market. No one will be able to buy or sell.

    • neidermeyer says:

      I disagree Pamela ,

      Right now is a fantastic time to buy ,, just do it with borrowed money … interest rates are about to explode and the financial crisis will soon be getting much worse for more people .. I see it getting so bad that there will be a moratorium on foreclosure … but it won’t matter when in 2015 after a year of triple digit inflation your house payment is about equal to a payment on a old used car… after another 2 or 3 years you’ll have to decide .. buy that pound of coffee or pay off the house..

  4. withament says:

    http://www.bing.com/search?q=reselling+swamp+land++illegal+subdivisions+bank+looting+&go=&qs=n&form=QBRE&pq=reselling+swamp+land+illegal+subdivisions+bank+looting+&sc=0-0&sp=-1&sk= WAY WAY WAY WAY Before Occupy or all the Foreclosure Fraud Groups ….. The Grand Daddy of Realty and Banking SCAMS LEARN YOUR HISTORY

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