Legal Question in Real Estate Law in California

I am in the process of purchasing a property in Las Vegas, NV which was foreclosed on in Sep 2013. The title company (First American) is including this language in the policy exceptions list:

"ANY IRREGULARITY IN THE FORECLOSURE PROCEEDINGS LEADING UP TO THE TRUSTEE'S DEED RECORDED SEPTEMBER 18, 2013 IN BOOK 20130918 AS INSTRUMENT NO. 0002698 OF OFFICIAL RECORDS."

What are the risks of going along with such a policy, and would being a "Bone Fide Purchaser for Value" offer any protections for me?

Thanks

Loai


Asked on 1/13/14, 5:38 pm

2 Answers from Attorneys
Nicholas Spirtos Law Offices of Nicholas B. Spirtos

You will need to take the title report/policy to an attorney for review. No one could give you a good answer without seeing the entire document.

Read more
Answered on 1/14/14, 9:38 am

You need to ask a Nevada Lawyer.

Read more
Answered on 1/14/14, 11:14 am


Related Questions & Answers

More Real Estate and Real Property questions and answers in California