Closing while paying cash???

[Richard M Rajchel]

I've purchased a home and am slightly familiar with the closing process from a traditional sense. With a cash deal how are things different? Do I have to do my own title search/tax lien search, flood plain search, etc... since there is no bank or mortgage company doing those things or is that the responsibility of the agent? Should I hire a real estate attorney for the transaction? All of the above?

Any help would be appreciated. I've done a ton of research and am ready to pull the trigger or at least start making offers, but I am quite cautious about the legal aspects of the actual transaction etc...

[Clint Votruba]

"What about tax lien search," … the title company will search the county records to see if there is a tax lien recorded against the property.

"flood plain?"  … No the title company will not do a search to find out if the property is in a federal flood plain and I would recommend that you do that search yourself before you sign a contract or make sure you can "kick out" when you learn that it is in a flood plain.

Rely upon a title company which is issue you a "clean" Owner's title policy at closing to do a search of the county records and issue a Title Commitment, which will raise/disclose issues/documents recorded against/on the subject propert.

Good luck.