Are you a property owner? If someone sends you a solicitation or a bill asking for money in exchange for a copy of your deed, throw it away. That isn’t a thing. [More]
An elderly woman in Kansas City was forced out of her longtime home this week because of a deed mixup. No, Bank of America didn’t foreclose on her by mistake. Why are her belongings on the lawn? The situation dates back to 1998, when her friend and roommate, the owner of the house, died without properly transferring the deed. A probate battle ensued. Now a real estate company owns the house, and has offered to sell it for $60,000. They paid $13,000 at auction.
Losing your co-op documents can really suck if you’re trying to refi or sell your apartment. Unlike home and condos, there is no filing of deeds with the municipal clerk. So what happens when you lose your co-op stock certificate and proprietary lease papers?