Exceptions to Title Insurance

[jillklenota]

My question involves real estate located in the State of: Oregon

I am in the last stages of purchasing a home. The home was inherited by the seller as part of a trust. The title report states the following exceptions to title insurance: unpaid taxes for 2011-2012 plus interest due and any claims against the Estate of the deceased by the State of Oregon.

If I complete the purchase of this home, could I be held responsible for these costs?

Thanks, Jill

[jk]

yes, you could

but the statements do not mean there are any claims against the estate or the taxes won't be paid when the sale closes. You need to check your contract to see if it obligates the seller to pay any taxes up to the day of closing.

to the estate issue:

what kind of deed will be used to transfer title to you?