Legal Question in Real Estate Law in Texas
State: Texas
Recently closed on property that title co. originally held up due to litigation from previous owner fighting foreclosure of the home. After some delay; title co. cleared the sale & we closed. Fixed it up and now have buyer; however, the same title co. is holding up sale because of previous owners litigation against property. The title co. has set up a claim and want to fight the original owner's suit now and drag us into it. I want out ASAP to get the capital reinvested. What are my options w/ this incompentent title co.?
2 Answers from Attorneys
If they blow your sale, you have a claim for damages. Likely they won't budge until you get a lawyer. I do handle title insurance litigation.
The jacket of your title policy has instructions as to how to make a claim. Please tender a claim as instructed on your policy.