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Updated almost 6 years ago,
Title search for bank-owned property, before or after bidding?
Hello,
I am new and am currently looking at a few bank-owned properties to buy in Columbus, Ohio. I learned that most of bank-owned properties have clear titles but sometimes not. So, it is still recommended to do title search to ensure it is really clear. My questions are,
- When you buy a bank-owned property via online auction, do I need to do title search before bidding or can I still do it after bidding?
- If I do the title search after winning the online auction and find any issue on the title, would I be able to cancel it?
- Would there be another ways you may suggest to find/buy bank-owned properties?
Thank you very much for your advice!
- Jeongmoon