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Updated about 10 years ago, 09/10/2014
Getting Title and Lien info- is property radar a reliable source?
Hi All,
Just getting my feet wet in the foreclosure Auction business and had a question. I have done a trial membership on property radar and found it to be helpful, but I was wondering how reliable people think their title and lien info is. I have heard horror stories of people bidding and winning on properties only to find out that they just payed off some guys swimming pool and not the senior loan.
Is a title search the only way to be sure your bidding on the senior loan? In my area a title search costs 150-250 and I can't imagine a ll the pros who do numerous houses shell out that much money even before they know if they are going to bid.