InnoVest Resource Management's Foreclosure Forum

Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Foreclosure Codes 50 State Foreclosure Basics Foreclosure Glossary 60+ Yrs Interest Rates News & Trends FAQ Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Title searching Posted by Brett Perkins on April 29, 2002 at 9:41 AM In Reply to: Title searching posted by Amy on April 26, 2002 at 1:56 PM : Hi Ward. I'm new to the game and have become stumped trying to determine the Chain of Title on a prospective property. I don't have a 'special relationship' with any of the title companies, and have been quoted between $400-$500 per search request. That's too expensive when multiplied by the number of deals I've been told I'll have to look at before I find a winner. I've gone to the Los Angeles county recorder's office and find it a complete mess. How can I solve my problem? ================================= Hi Amy. My company, Percano, offers a Foreclosure and Title searching service in Los Angeles County. Below is a summary of the services we offer. Please feel free to contact me at (310) 652 7310. Thanks, Brett 1. Title Searching Service Percano uses the name of a grantor/grantee, submitted by the client, to conduct a title search on a specific property (the purpose of which is to identify who is the owner of record and what liens if any are attached to the property.) The following information is then provided to the client: § All liens of record § All subsequent changes of record § Any notices of default or sale § Annual property tax § Property description (number of bed/bath, building ft2, lot ft2, year built, amenities, zoning) § Comparable Sales Data The Client may provide search requests via email or fax, and will receive the completed report via fax or email within 3 business days. 2. Foreclosure Searching Service Percano can search for properties that have begun the foreclosure process, either at the Notice of Default or the Notice of Trustee Sale phase. Properties are selected based on Client’s criteria, including: location and type of property, maximum bid, minimum equity, and desired position in the chain of title. A title search is then conducted on the selected properties, yielding data itemized in section 1 above. If there is equity in the property (i.e. if the expected full market value, based on comparable sales information, is greater than all senior encumbrances), the property is then forwarded to the client. Upon request, Percano will provide assistance and bid counseling. The Client will receive the foreclosure opportunities via fax or email. Follow Ups: Re: Title searching Brett Perkins 2:13 PM, 05/07/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : Hi Ward. I'm new to the game and have become stumped trying to determine the Chain of Title on a prospective property. I don't have a 'special relationship' with any of the title companies, and have been quoted between $400-$500 per search request. That's too expensive when multiplied by the number of deals I've been told I'll have to look at before I find a winner. I've gone to the Los Angeles county recorder's office and find it a complete mess. How can I solve my problem? : ================================= : Hi Amy. My company, Percano, offers a Foreclosure and Title searching service in Los Angeles County. Below is a summary of the services we offer. Please feel free to contact me at (310) 652 7310. Thanks, Brett : 1. Title Searching Service : Percano uses the name of a grantor/grantee, submitted by the client, to conduct a title search on a specific property (the purpose of which is to identify who is the owner of record and what liens if any are attached to the property.) The following information is then provided to the client: : § All liens of record : § All subsequent changes of record : § Any notices of default or sale : § Annual property tax : § Property description (number of bed/bath, building ft2, lot ft2, year built, amenities, zoning) : § Comparable Sales Data : The Client may provide search requests via email or fax, and will receive the completed report via fax or email within 3 business days. : 2. Foreclosure Searching Service : Percano can search for properties that have begun the foreclosure process, either at the Notice of Default or the Notice of Trustee Sale phase. Properties are selected based on Client’s criteria, including: location and type of property, maximum bid, minimum equity, and desired position in the chain of title. : A title search is then conducted on the selected properties, yielding data itemized in section 1 above. If there is equity in the property (i.e. if the expected full market value, based on comparable sales information, is greater than all senior encumbrances), the property is then forwarded to the client. : Upon request, Percano will provide assistance and bid counseling. : The Client will receive the foreclosure opportunities via fax or email. 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

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction.

Copyright © 1997-2002, InnoVest Resource Management

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455