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Title Insurance

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Title Insurance, Unpaid Liens After The Sale, and Subrogation

I sold my legislative body in (state) in august 2001 I hired a title attorney whose (local company X) acted as a agent for (national assemblage Y). The facts are that there were errors and omissions which led to negligence in the performance at the closing of the property. The property taxes for the year 2000 were not paid. The title institution did not do their duty and gave clear title to the buyer. Now, more than 5 years later Company Y is claiming I owe them these back taxes plus accrued costs. I would kindly prize some feedback Yes, you owe the money. The title insurance policy you bought insures the person who bought the property. Property taxes are part and allot of all land ownership. A reasonable person should have paid those taxes. But they didn't get paid. This doesn't mean that someone didn't take up. Every title search needs to include a search for unpaid liens that includes property taxes. That's just the facts of the issue. However, this does not relieve you of your duty to pay those taxes in full and on time. If it was an obscure mechanics lien recorded against your property for erroneously for labour that was never done, you'd have a great case. If it was for stuff that you paid, and had reason to think you paid in full even though you were short, you might have a case. But not stuff that every moderate property owner knows has to be paid, and didn't get paid at all. Let us consider what would have happened if you still owned the property. The county would be sending a law enforcement formal around with delinquency notices, which would include interest and penalties for late payment. If those weren't paid, they'd send law enforcement around another continuously with a tax foreclosure sale notice. You would have to pay those taxes. It's no different because you sold. Because property taxes are a valid existing lien on the attribute, albeit one they missed during title search, they paid it to clear the buyer's title, as the policy requires them...

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