Posted by Ed Copp (OH) on February 11, 2001 at 11:40:28:
to skin you alive. If the house is in forclosure he cannot deliver “marketable” title without correcting the forclosure (period). What if you bought the house on L/C today, and fell into some money. Could you pay him off tomorrow and get good title? The answer is most likely no, not without correcting “his” forclosure. At this point he has nothing to sell.
So If you have sufficient cash available to correct the forclosure you might consider it, but if you do not have the cash sit tight.