Title Search on Foreclosure--Am I being overly cautious?

[Martin G.]

I'm about to buy a foreclosure for flip, and I'm given the option of going with the bank's title company with title insurance paid by them or securing my own title company at cost to me.

Is there a compelling benefit to having my own title company and not going with the bank's people? I'm leaning towards getting my own, but please tell me if I'm being overly paranoid.

Thanks in advance for your advice.

Marty

[Bill Gulley]

Jim, thanks for the mention, but as you said, federal liens may still exist, taxes, student loan matters, SBA loans, judgments to the government. In addition, states have "super liens" as well, past child support, workmens'/material liens may survive, fines, fees assessed by municipalities like mowing fees and taxes, so it depends on state law as to what survives a foreclosure. :)