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Re: Becoming a foreclosure early bird.

Posted by Ward-CA- on July 27, 2001 at 7:34 AM

In Reply to: Buying @ Courthouse Steps posted by Chris on July 26, 2001 at 5:51 PM

: Live in Tn. Am interested in buying foreclosures / fix up / resell.

: 1) What steps do I need to take to make sure I have a clean title.

: 2) I live in a small town, how do I find out of foreclosures before they are put in the local paper ? (Early bird gets the worm)

: Thanks

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1. To be able to determine the condition of a property’s title you need to learn how to do an accurate and efficient title record search. In my opinion it’s an activity that has to be taught to someone rather than a skill that can be acquired through reading a book. To find a teacher you’re best advised to find a current title searcher who goes into your local recorder’s office on a regular basis searching titles for some company. Ask them to teach you. As a last resort you could take our foreclosure training which incorporates learning how to search titles at the recorder’s office.

2. TN is a trust deed state that uses a non-judicial foreclosure process. The initial part of that process is for the foreclosing trustee to record a Notice of Default. So go to the recorder’s office daily and take down all the newly recorded NOD’s. You’ll have your own early-bird list of new foreclosures before they get published in the newspaper.

Good luck.



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