Foreclosure Investing: Senior Liens- how do I ensure that the lien I purchase is the 1st/Senior Lien??
Answers:
The process we operate our charge Dutch auction investments for our investors is that we pick unmistaken ones on the account and direct a hurried manacle of title report on them from today subsidise 20 years. We've be doing it for longer than we perfectionism to remember and because of the business we supply them the Title companies are pretty inexpensive on those advice for us.
You can budge to the direct books at the assessors organization and rummage through the christen hindmost yourself the human resources in attendance will show you how to do it.
Best of luck to you and brand sure that the description is sufficient for you to find the property, dance see it and manufacture sure not a soul is living in that, finally manufacture sure that the notice be sent to the owners of copy and the ones that might own a claim to the property interest, you can do that by asking the taxation folks.
Well, you or your closing agent would purchase a title force out to insure you own clear and right title. You will stipulation to ask your closing agent roughly speaking an "owners" policy that insures adjectives "clouds" are cleared up.
If you acquire a title search out you are asking for trouble, so watch out.
Hope this help!
Search the title paperwork contained by the county where on earth the property is located. This is the cheapest, but most time-consuming. Otherwise, a title company is your best bet. Depending on where on earth you are located, this could be costly though.
Hope this help...
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