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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Research your deals yourself to keep your overhead low. Posted by Ward-CA- on April 25, 2002 at 7:42 PM In Reply to: TSG Worth It posted by Jock on April 25, 2002 at 11:46 AM : The Trustee Sale Guarantee is $20-$30 per order. Since the only liens senior to the mortgage can be for property taxes [I think], and I can call the county for free to verify back taxes, does it makes sense to go ahead and purchase the TSG for each property I plan on bidding for? : Thanks! =•=•=•=•=•=•=•=•=•=•= Jock, What state are you in? Arizona is the only state I know of where a bidder can get a copy of the TSG from the foreclosing trustee, but I thought they charge a minimum of $40 each. You can easily have another mortgage or trust deed that is senior to the one in foreclosure! Why would you assume that a foreclosing trust deed has to be the most senior one? And how would you know if there was an IRS income tax lien recorded against the property unless you researched the title record all the way up to the present? There’s an obvious need to research the title record of a property in foreclosure both frontwards and backwards, but you’ve got to master doing it yourself so you can increase the volume of deals you’re looking at without having to pay for it. Hope this helps. Follow Ups: Re: Research your deals yourself to keep your overhead low. Jock 8:00 PM, 04/25/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : The Trustee Sale Guarantee is $20-$30 per order. Since the only liens senior to the mortgage can be for property taxes [I think], and I can call the county for free to verify back taxes, does it makes sense to go ahead and purchase the TSG for each property I plan on bidding for? : : Thanks! : =•=•=•=•=•=•=•=•=•=•= : Jock, : What state are you in? Arizona is the only state I know of where a bidder can get a copy of the TSG from the foreclosing trustee, but I thought they charge a minimum of $40 each. : You can easily have another mortgage or trust deed that is senior to the one in foreclosure! Why would you assume that a foreclosing trust deed has to be the most senior one? And how would you know if there was an IRS income tax lien recorded against the property unless you researched the title record all the way up to the present? : There’s an obvious need to research the title record of a property in foreclosure both frontwards and backwards, but you’ve got to master doing it yourself so you can increase the volume of deals you’re looking at without having to pay for it. : 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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