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AS A BUYER, WILL I RECEIVE CLEAR TITLE?
Auction Sells Fast assures that the title
conveyed will be
INSURABLE by a licensed title insurance company.
We assure that a buyer must be able to obtain a
Title Insurance policy, or else
she will receive a full refund of her deposit.
Title Insurance is the HIGHEST form of assurance
regarding title one can obtain. If a buyer pays cash, he
has the right to decline title insurance if he so desires (a
lender typically mandates purchasing a title insurance policy as
a condition of the loan). Title insurance entails a
one-time payment which insures the property's title for as long
as it remains in the purchaser's name.
QUALITY OF TITLE AT A REAL ESTATE AUCTION
VS. A SHERIFF'S SALE
What ASF and other R/E auction firms do is
NOT the same as a Sheriff's Sale!!
Our terms and conditions specify that a buyer must be
able to obtain a title insurance policy, whereas at Sheriff's
Sale, the Sheriff sells ONLY the title THAT HE HAS!!
While it's true that going through foreclosure
(i.e. Sheriff's Sale) does "wipe out" any junior liens (i.e.
non-first-mortgage liens), the Sheriff's Sale process offers
ZERO protection against other potential title defects
(e.g. heirship issues which went undetected on a previous
Click Here for a Quick Outline
Clearly Showing the Differences Between R/E Auctions and