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Questions and Answers / Title searches
« on: November 19, 2012, 11:47:17 PM »
Do a lot of members on here make it a habit of doing a title search before making a bid on a property, or do you just take a chance and just bid.? (saving yourself the $120 some odd dollars to have the search done).
I've paid for 2 title searches so far, and both bids fell through. (1 cancelled and 1 outbid)
I know the city usually advertises if there are any executions on title in the tax sale advertisement. But I'm not sure if they (the city) will mention anything MAJOR on title, such as a crown lean, or any outstanding mortgages IF there are any.
If I could somehow save myself the title search cost before bidding, it would not be as much of a bummer if the sale got cancelled, or my bid was not the highest.
Any inputs here would be appreciated
I've paid for 2 title searches so far, and both bids fell through. (1 cancelled and 1 outbid)
I know the city usually advertises if there are any executions on title in the tax sale advertisement. But I'm not sure if they (the city) will mention anything MAJOR on title, such as a crown lean, or any outstanding mortgages IF there are any.
If I could somehow save myself the title search cost before bidding, it would not be as much of a bummer if the sale got cancelled, or my bid was not the highest.
Any inputs here would be appreciated