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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Researching Liens At The Courthouse Posted by John Chan on May 29, 2003 at 2:45 PM In Reply to: Researching Liens At The Courthouse posted by SeanW on May 29, 2003 at 2:34 PM Thanks. I was informed that when you successfully negotiate with seller on the deal, in this case, for my personal primary resisdence, then I can simply go open an excrow to transfer title subject to existing loans, I can also put a clause subject to "clean Title" if there is such a clause demand. After all,it is the escrow's job to make sure title is free & Clear so why do the homework when you know Escrow will under law have to do the job over again, It will simply fall out of escrow if it's not a "clean" title right? It's my theory and not substantiated? Also, you're paying excrow over $1K so my guess is make them work for it right? : ::#3. County Records Research is only a listing of the voluntary liens against the property. You need to do research at your county recorders office for all possible involuntary liens too, such as IRS liens, abstracts of judgment, mechanics liens, etc. Once you have a complete list of ALL voluntary and involuntary liens against the property. Then given your value figure you should go through the Projected Net Worksheet (see Fillable Forms link) : :Is there a involuntary lien database published on the web or do I have to go in person to County recorders office? Also what is an abstracts of Judgement? : --- : Your state/county might have the liens online. But then, how up-to-date are the online records, versus the paper in their office? A day...? A week...? Ya wanna be the person who took a chance, and lost...? : I'm living in the largest county of my state (700,000 pop.) and the liens are still in books. You have to open and inspect them, to see if a lien was cancelled or satisfied. Follow Ups: Escrow doesn't do any title research... Ward-CA- 10:06 PM, 05/29/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Thanks. : I was informed that when you successfully negotiate with seller on the deal, in this case, for my personal primary resisdence, then I can simply go open an excrow to transfer title subject to existing loans, I can also put a clause subject to "clean Title" if there is such a clause demand. After all,it is the escrow's job to make sure title is free & Clear so why do the homework when you know Escrow will under law have to do the job over again, : It will simply fall out of escrow if it's not a "clean" title right? It's my theory and not substantiated? Also, you're paying excrow over $1K so my guess is make them work for it right? : : : ::#3. County Records Research is only a listing of the voluntary liens against the property. You need to do research at your county recorders office for all possible involuntary liens too, such as IRS liens, abstracts of judgment, mechanics liens, etc. Once you have a complete list of ALL voluntary and involuntary liens against the property. Then given your value figure you should go through the Projected Net Worksheet (see Fillable Forms link) : : :Is there a involuntary lien database published on the web or do I have to go in person to County recorders office? Also what is an abstracts of Judgement? : : --- : : Your state/county might have the liens online. But then, how up-to-date are the online records, versus the paper in their office? A day...? A week...? Ya wanna be the person who took a chance, and lost...? : : I'm living in the largest county of my state (700,000 pop.) and the liens are still in books. You have to open and inspect them, to see if a lien was cancelled or satisfied. 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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