Grandpa Ward

InnoVest Resource Management's

Foreclosure Forum

Discussion Board

Foreclosure Training

Title Holding Trust

Speaking Schedule

Foreclosure Codes

50 State Foreclosure Basics

60+ Yrs Interest Rates

News & Trends

FAQ

Dingbat Retirement Plan

Links

Contact / Map

Home

 

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ]

Is a "professional" title search enough?

Posted by Eric - CA on August 01, 2001 at 9:42 AM

Is this a proper course of action?

By subscribing to a service, you get a listing of all of the latest NOTS, and NODs. When you find one you like, you request a title company in the area to run a search. This would usually happens about 3 weeks before the TS so that you can do more research, etc. before the actual sale. Should you also plan on having another search done on the property the day before the sale, and is this enough?

As noted in previous posts, homework is the key to a good deal, and without it, it is easy to get burned. If there is only a first mentioned in the search, and you are clearly buying from a jr., do I need to do more? I would think not.
If the search listed a 1st, 2nd and 5 liens and I was buying one of the juniors, do I need to do more than get the title search and look at the recording dates to see which is senior? Should I go to the records office and personally search for anything else in particular?


Follow Ups:


Post a Followup:

Name    : 
E-Mail  : 
Subject : 
Comments: 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

Our home page is at http://www.foreclosureforum.com

Copyright © 1997-2001, InnoVest Resource Management

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

[an error occurred while processing this directive]