The bank used their title company called LandSafe Default. They only insured me what I paid for the house but I put alot of more money into the home. I didn't get any owners insurance. Can the bank sell a property with open previous loans? Are they required to pay back all open loans that was on the property before they sold it to me? Thanks

I hate to tell you but in trying to save a few hundred dollars you made a huge mistake. HUGE. Do NOT uy foreclosures when you do not know what you're doing! No one should buy ANY property in any sale without owner's insurance. Had you done that you would have made one call and the problem would have been solved for you. Now you will need a few thousand dollars to retauin a lawyer to sue the bank and it could take months or years to resolve. You may win someday, but it will be at a huge coast in time and money. For years lawyers have been teling every buyer that a short consultation with their own lawyer before starting any real estate transaction is necessary. Unfortunatelty you have found out why (yes, it appears the bank and their title company probably messed up, but the bank protected ITSELF with insurance, and it is inconceivabkle that you failed to do so. As I noted, it's a costly mistake. Hire your lawyer and expect a long and unnecessarily expensive effort to try and recoup your losses. Good luck.