Rusk, Texas
Not resolved

We found a property through coldwell banker, made an offer and it was accepted. The agent showed us the house several times, and even went over the property lines.

We paid cash, got the keys at closing and immediately went to work fixing the home. To the tune of an additional 60k over what we paid. This was 9 months ago. We recently found out that fannie mae had wrote the wrong property description down, and we may have purchased property they never legally had the right to sell.

Who the *** is responsible? The seller ( fannie mae), the agent ( coldwell banker), the title company, or the closing company?

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It's called title insurance and it was offered to you by the closing company. You paid cash however you declined to purchase the title insurance.

to George Michael Rusk, Texas, United States #1344639

We did purchase title insurance.

Chicago, Illinois, United States #1234678

I'm in the same situation but caught the problem at the closing table the agent told me they were selling an acre lot come to find out it's only half an acre the other half they don't own. There are four quarter of an acre lots that have different PIN numbers.

I'm trying to get Fannie Mae to reduce the sale price but they have offered to give me a $1,000 credit. What a joke.


Hi, the title company must have issued a title insurance at closing. The title company is responsible to check the chain of title to assert that the seller is the real owner of the real property and check on potential liens ( mechanicals, prop taxes, violations, past HOA dues).

It is likely a clerical mistake, that can be easily corrected. good luck

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