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Real Estate & Property Law

: The Home Equity Theft Reporter

Would-Be Buyers In Possession Under Unrecorded Purchase Agreements Have Land Mortgaged Out From Under Them By Seller

By r morris

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In Surry County, North Carolina, WXII-TV Channel 12 reports:Some Surry County residents are being forced to move after they said they bought property from a landowner. But the bank who owns the deed to the land said the properties are in foreclosure and is holding an auction for the land.The residents said they signed mortgage contracts with Nichols Land Company for lots in Dobson and Mount Airy.

Full post as published by The Home Equity Theft Reporter on March 18, 2011 (boomark / email).

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