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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Lots of details to title searching Posted by Billy (S.C.) on April 30, 2002 at 12:03 AM In Reply to: Lots of details to title searching posted by Ward-CA- on April 30, 2002 at 7:14 AM : : Ward, : : I went to the local court house and did a title record search by the defendants name. The first record that came up was in 1990, the thing was it was for only 7,567.00 The house is valued at 145,000 by the county. There were many other liens that soon followed some were satisified while others were not. The one going to auction is the last one I could see on the search by his name and was for 112,000 in 1998. The Mortgage company is going after him for 72,300.00 + other fee's with a total of 84,450.00 : : It was the most senior lien as far as I could tell. : : I just don't understand why the first lien against the house was only for 7,567.00. Is there a way to search the property by address and not by owner? : : Maybe he sold another house and was 7 grand short for this one? : : I also hear a lot of people talking about mechanics liens/judgements against the people. : : Will that type of stuff show up in a Title Record Search? Do I need to look elswhere? I looked at 6 titles and none of this type of information showed up. : : I wish you resided a little closer to me. I would definitely attend your 3 day workshop to learn the art of Title Searching. : =•=•=•=•=•=•=•=•=•=•= : Billy, : You have to look at the documents you find to verify if they pertain to the legal description of the property that is in foreclosure. That’s how you winnow out which documents apply to which property that the owner in foreclosure owns. : Also, you should go back at least as far as finding the deed whereby the owner took title to the property. Then the mortgages and other liens you found, from that date to present, are the ones you need to look at to verify that they apply to the foreclosure property and to determine if they are still in effect. : And you need to recognize the payoff documents to different liens. For example a satisfaction shows a mortgage has been paid off, a release shows an IRS lien has been paid, a satisfaction shows an abstract of judgment has been paid off, etc. : By the way you do live close to us—you’re just a few hours away by plane! God gave me feet not wings :) I try to stay as close to the ground as possible. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : : Ward, : : : I went to the local court house and did a title record search by the defendants name. The first record that came up was in 1990, the thing was it was for only 7,567.00 The house is valued at 145,000 by the county. There were many other liens that soon followed some were satisified while others were not. The one going to auction is the last one I could see on the search by his name and was for 112,000 in 1998. The Mortgage company is going after him for 72,300.00 + other fee's with a total of 84,450.00 : : : It was the most senior lien as far as I could tell. : : : I just don't understand why the first lien against the house was only for 7,567.00. Is there a way to search the property by address and not by owner? : : : Maybe he sold another house and was 7 grand short for this one? : : : I also hear a lot of people talking about mechanics liens/judgements against the people. : : : Will that type of stuff show up in a Title Record Search? Do I need to look elswhere? I looked at 6 titles and none of this type of information showed up. : : : I wish you resided a little closer to me. I would definitely attend your 3 day workshop to learn the art of Title Searching. : : =•=•=•=•=•=•=•=•=•=•= : : Billy, : : You have to look at the documents you find to verify if they pertain to the legal description of the property that is in foreclosure. That’s how you winnow out which documents apply to which property that the owner in foreclosure owns. : : Also, you should go back at least as far as finding the deed whereby the owner took title to the property. Then the mortgages and other liens you found, from that date to present, are the ones you need to look at to verify that they apply to the foreclosure property and to determine if they are still in effect. : : And you need to recognize the payoff documents to different liens. For example a satisfaction shows a mortgage has been paid off, a release shows an IRS lien has been paid, a satisfaction shows an abstract of judgment has been paid off, etc. : : By the way you do live close to us—you’re just a few hours away by plane! : : God gave me feet not wings :) I try to stay as close to the ground as possible. 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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