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Updated over 10 years ago on . Most recent reply

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8
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Brad Tamm
  • Miami, FL
1
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8
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Did a title search on a property but what does this mean?

Brad Tamm
  • Miami, FL
Posted
  1. I'm working on my next deal it's going to be auctioned next week on homesearch.com  I'm doing my due diligence before I bid and had a company do a full title search.  I'm not really sure what it means but I'm sure someone here willl.

It looks to me as though this home has 130k in liens on it? Does that look correct?   Can you settle with them for lesser amounts how does this normally work out? 

Most Popular Reply

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

@Steve Babiak 

Yes.  If forgot to mention to @Brad Tamm , in addition to the title "search" you'll need a title insurance "commitment" which will detail what needs to be cleared up, or at least your attorney can.  The judgment was obtained in 2011, but the LP was filed in late 2008.  I feel like I should know the answer to this, but I'm not positive.

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