We recently made an offer on a Condo that had been foreclosed and now owned by the Loan Company. One of our conditions was we wanted a general deed. Seller wanted only to deliver Special deed
We walked. Should we have accepted?
Asked on 6/16/10, 8:27 am
2 Answers from Attorneys
David Slater
David P. Slater, Esq.
That depends on what the Special Deed recited and whether a title policy was to be provided.
Answered on 6/16/10, 11:48 am
If you also received a title insurance policy with adequate coverage, there should not have been a problem. It isn't uncommon to see special warranty deeds in many cases today.
Answered on 6/17/10, 6:31 am
