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Real Estate & Property Law

: The Home Equity Theft Reporter

Indiana Court Denies Bank BFP Status; Leaves It Holding The Bag As Unrecorded Rights Of Occupant In Possession Trumps Lender's Recorded Mortgage

By r morris

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The following facts have been extracted from a recent ruling by the Indiana Court of Appeals:Benjamin purchased his home in Gary, Indiana in 1965 and has lived there ever since.In July of 1987, as part of his retirement planning, Benjamin conveyed his home to son David Thomas by quit claim deed with the understanding that it remained Benjamin's home and that he could recover title at any time

Full post as published by The Home Equity Theft Reporter on March 22, 2010 (boomark / email).

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