Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

Account Closed
  • Olympia, WA
0
Votes |
8
Posts

How to do title research for auction properties?

Account Closed
  • Olympia, WA
Posted

Hello Everyone!

I'm in Olympia, WA area. I've being doing rentals for a while, and like to get into other REI. I've done some research regarding buying auction property, but still missing a few puzzles here and there, specifically surrounding title research topic. I also tried J&L Scott foreclosures and other services but nothing work for me so far.

My question is do people use lawyer or title company for title research or do they do it themselves? If you use a service, how is the fee get handled? Thanks for reading and helping!!!

Most Popular Reply

User Stats

42,675
Posts
62,837
Votes
Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
62,837
Votes |
42,675
Posts
Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

@Ned Carey @Curt Davis  you absolutely would NOT use an attorney for this.

most trustee auctions sites like northwest trustee services.. will have the TSG posted right on the site you buy it for 50 bucks... WE  DONT use attorneys here like you guys do. Attorneys here cost way to much money.. they charge 250 to 500 an hour and would charge a couple grand to do a real title search.. LOL.. I GET THEM FOR FREE FROM MY TITLE COMPANY.

In addition the stuff that you guys have to look out for is simply not an issue in our area.. Especially anything related to utls those are all wiped out.. any city liens etc etc.. the ONLY thing that comes senior to a 1st DT or mortgage is  Ad valorum tax's and IRS liens. ( which IRS sunsets as you know )

pretty straight forward out this way.. you guys have it hard were you work that's for sure.

But that's also why our sales are so competitive its pretty simple to go and bid and be confident you OK.. CAn there be a problem yes but its rare.

business profile image
JLH Capital Partners

Loading replies...