Posted by jdemaris on January 13, 2011 at 07:54:40 from (67.142.130.22):
In Reply to: John T.; Property Law posted by NEsota on January 13, 2011 at 06:19:48:
Many of our laws in the USA are based on British Common Law. So, a minority of colonists here, rebelled against the British Government, formed a new one based on the Articles of Confederation, and we now - to a degree - are still using laws from the government "we" rejected.
As to the ruling in Massachusetts? They don't set precedent for the entire USA, and for that I'm glad.
But for those who bought foreclosed properties and now might lose them? That's what title-insurance is for. If anybody buys a property with a Quit-Claim deed, instead of a Warranty Deed, then they should of know there could be problems into the future.
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