[quote=FlyerInHi]For what it’s worth, the prelim is clean. That’s why I’m thinking I should do it.
Another question is how often does a court take title away to award it to a claimant? I think very, very, very rare as courts prefer monetary damages instead of specific performance as in the case of blogstar who want access to his easement.
If I were to buy the property and a claimant came out of the woodwork years down the road, what could he/she practically and cost effectively do?
[/quote]FIH, I just scanned your posts again and you didn’t state here until the above post that you have in your possession a preliminary title report for the condo you are considering purchasing. How old is the report? Did you buy it yourself or did the seller hand you a copy of his/hers? If you didn’t buy it, does it appear to be missing any pages? If you purchased it, could you get a discounted (or free) update from your title co on the day (or day before) you will fund the deal?
During the time your seller owned the property, did he/she own it by themselves or did they have a co-owner at one time? If they did once have a co-owner, and your seller now owns it by themselves, did they file a quitclaim deed from both of them to just your seller? If so, was each signature on that deed notarized before filing? (I don’t know the laws in NV regarding notarization of deeds.)
Do you know if your seller’s BK has been fully discharged?
