no deed registered--please help with advice!!!
What is the name of your state?I live in Indiana.
I recently discovered that the home I bought 2 years ago, does not have a deed registered to me. The deed is in the prior owners name. I investigated my title company and they are now out of business and did not forward me title insurance policy either--but I did pay for it and it is listed on mortgage paperwork. My taxes are now doubled because I could not file any exemptions because I did not have a deed. The mortgage is registered and on my credit, but I have no deed to the home. How can they charge me a mortgage for a home that is not in my name? Who is responsible for the tax penalties? I was able to track down a title company that bought out my prior title company and they were at a lost on what to do and if they can even help me. They said they would need to discuss with their lawyers. Everyone agrees this is a big mistake and mess, but do not know who is responsible to fix or pay. My mortgage was even bought by two other companies and they did not catch that I did not have a deed. Big question--- Can I be liable for a mortgage if no deed in my name? Any advice???
What is the name of your state?I live in Indiana.
I recently discovered that the home I bought 2 years ago, does not have a deed registered to me. The deed is in the prior owners name. I investigated my title company and they are now out of business and did not forward me title insurance policy either--but I did pay for it and it is listed on mortgage paperwork. My taxes are now doubled because I could not file any exemptions because I did not have a deed. The mortgage is registered and on my credit, but I have no deed to the home. How can they charge me a mortgage for a home that is not in my name? Who is responsible for the tax penalties? I was able to track down a title company that bought out my prior title company and they were at a lost on what to do and if they can even help me. They said they would need to discuss with their lawyers. Everyone agrees this is a big mistake and mess, but do not know who is responsible to fix or pay. My mortgage was even bought by two other companies and they did not catch that I did not have a deed. Big question--- Can I be liable for a mortgage if no deed in my name? Any advice???
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