Its at the foreclosure sale ("on the courthouse steps") where title insurance would not cover the buyer. If the bank took the property back at the foreclosure sale, then sold to you, you should be able to get a clear title policy, and if a problem came up, it would be between the bank and the title company. It is very important to examine the title report VERY carefully for weasel words, when you buy under these circumstances. Make sure you're covered, before you sign on the line.
If you bought from the bank without notice of the defect in title, you would generally get to keep the property (as a Bona-Fide Purchaser)- and the issue would be money damages between the wrongly foreclosed person and the bank/and or title company.
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Today's Featured Article - The Nuts and Bolts of Fasteners - Part 2 - by Curtis Von Fange. In our previous article we discussed capscrews, bolts, and nuts along with their relative hardness and thread sizes. In this segment we will finish up on our fasteners and then work with ways to keep them from loosening up in the field. Capscrews, bolts and nuts are not the only means of holding two parts together. When dealing with thinner metals like sheet tin, a long bolt and
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