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Re: research of judgements
Posted by Brett Perkins on April 29, 2002 at 10:13 AM
In Reply to: research of judgements posted by Dave on April 28, 2002 at 1:26 AM
: Hi Ward,
: This is a great site. Suppose I was researching a property that was purchased in 1995 and the deed was based on full value. In 2000, it was it was refinanced and the original deed of trust was reconveyed thus making the second into the first. The owner has a very common name, so there are very many judgements (such as child support, county medical liens, and other judgements from the different courts) between the years 1995 and 2000 that could be senior to the deed of trust that is getting foreclosed. How would you research this one? Can you trust that a title company made sure there were no judgements when the owner obtained the deed of trust in 2000? Would you check all of the judgements in this period? Are there certain ones that you would automatically know would have no effect on the purchaser at the trustee sale? Are child support judgements treated the same as other judgements? I would appreciate any advice you could give me. Thanks. ====================================
Hi Dave. 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. Percano will forward foreclosure opportunities to the Client via fax or email.
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