REO title work?

[Joe Boggin]

my second buy and hold is a forclosed property.  its next to a co worker of mine.  he told me to check it out.  i did.  i got the agents number and we spoke.  the agent told me i hate to wait 9 days because owner occupants get first dibs.  i waited.  i made an offer half of the list price.  it was accepted!

the agent is not a wholesaler but works for a large reputable real estate company.  (long and foster)  the agent specializes in short sales and forclosures.  i signed my purchase agreements last week and i had to wait a week for the bank to sign documents.  they did two days ago.  i asked the agent..."so is the house mine??"  he told me the only thing that would kill the deal is if the inspection isnt satisfactory for me or if the seller cant clear title...

my title questions. with REO properties i was told the house would inherit free and clear title. i looked on my city website and the bank is infact the property owner and there are no back taxes. if there are small water bills or anything im not worried, but im just wondering if i should get another title search done by a title company im familiar with or just trust the system that is? is it the norm to inherit free and clear titles with forclosed properties?