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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Check out these items. Posted by Ward-CA on February 09, 2002 at 4:29 PM In Reply to: what items must be checked before purchase? posted by john on February 07, 2002 at 5:09 PM : what items should be researched before purchase oif a foreclosure? such as title,property taxes,liens,etc.? : thank you in advance, : john =•=•=•=•=•=•=•=•=•=•= John, before you start, check with the party in charge of processing the foreclosure to make certain that the sale is still scheduled. Then determine the present fair market value of the property by determining what similar property sold for in the same area within the last 6 months. Then do your title record research at the county recorder’s office and find out all the open liens, both voluntary and involuntary. Then figure out the relative priority of the foreclosing lien and how much you think you need to spend to rehab the property and put it into saleable shape. Finally, while you’re down at the county offices you might check with the tax collector on how much the delinquent property taxes are. Hope this helps. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : what items should be researched before purchase oif a foreclosure? such as title,property taxes,liens,etc.? : : thank you in advance, : : john : =•=•=•=•=•=•=•=•=•=•= : John, before you start, check with the party in charge of processing the foreclosure to make certain that the sale is still scheduled. : Then determine the present fair market value of the property by determining what similar property sold for in the same area within the last 6 months. : Then do your title record research at the county recorder’s office and find out all the open liens, both voluntary and involuntary. : Then figure out the relative priority of the foreclosing lien and how much you think you need to spend to rehab the property and put it into saleable shape. : Finally, while you’re down at the county offices you might check with the tax collector on how much the delinquent property taxes are. : Hope this helps. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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