Posted by NEBeef on January 14, 2011 at 06:08:45 from (198.51.119.153):
In Reply to: John T.; Property Law posted by NEsota on January 13, 2011 at 06:19:48:
Title insurance is a must, but it's only worth so much. When you get tossed from a house that you have title insurance on, will that insurance cover your moving expenses, the cost of any improvements you've done, storage for all your household goods and rent while you try and find another pace to live, etc., etc.?
By coincidence, my son was looking at buying a bank owned property when this ruling was handed down. He didn't end up making an offer on that property for other reasons, but there was some serious re-thinking the property because of this as well.
If a property was taken away from someone illegally, you sure can't blame them for wanting to recover it, but that makes buying these properties riskier - which means the prices will probably go down further to cover the additional risk.
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Today's Featured Article - The Nuts and Bolts of Fasteners - Part 2 - by Curtis Von Fange. In our previous article we discussed capscrews, bolts, and nuts along with their relative hardness and thread sizes. In this segment we will finish up on our fasteners and then work with ways to keep them from loosening up in the field. Capscrews, bolts and nuts are not the only means of holding two parts together. When dealing with thinner metals like sheet tin, a long bolt and
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