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Foreclosure Title Insurance

Title Insurance for some foreclosures just got complicated. The October 2, 2010, edition of USA Today writes:” Old Republic National Title Insurance(one of the largest title insurance comapnies) will no longer write policies for homes foreclosed upon by J.P. Morgan Chase and Ally Financial’s GMAC Mortgage unit–a sign that concerns about faulty foreclosure paperwork now endanger new sales of foreclosed homes”. Moral: Find out who owned the foreclosure before before you try and buy it.

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