On Title Ins: MAYBE...I think it was Mike(WA) who said their owners policies all had an exception for any foreclosure irregularities, in which case the Title Ins Co would be off the hook... I"ve been out of the business for 10-?? years, but I don"t recall any of our owners policies (OR) ever having such an exception in what we called Sched B (recorded esmts, mtgs, etc) and I"ve examined a lot of foreclosures we wrote on. BUT I don"t have a policy copy at hand to see if anything in the printed exceptions (Patent rights, eminent domain, etc) could be considered or stretched to fit, and, of course, policies may"ve been changed because of these questions... If buying out of one of these possibly questionable foreclosures, I"d be extremely careful...
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Today's Featured Article - The Collection of a Lifetime - by Sherry Schaefer. The larest gathering of orphan tractors ever assembled by one collector will be auctioned off on May 15 in Rock Island, IL. Ed Spiess was a well known tractor buff who spent most of his time dreaming of rare and unknown tractors. His background as an agricultural engineer sparked his interest in the unique attributes of the models built from 1939-1959.
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