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Updated almost 9 years ago,

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17,662
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Chris Seveney
Lender
Pro Member
  • Investor
  • Virginia
15,233
Votes |
17,662
Posts

Auction.com deed question

Chris Seveney
Lender
Pro Member
  • Investor
  • Virginia
ModeratorPosted
I am looking at a property on auction.com and the terms are: Buyer may receive a Special Warranty Deed or equivalent if Buyer is able to purchase title insurance without delaying the closing (title fees typically cost between $500 and $1500 and are based on the purchase price of the property). If buyer does not purchase title insurance, buyer will receive a Quitclaim Deed or equivalent, with no express or implied warranties of title. Property is in Virginia. Do I need to do my own title search on this property prior to bidding ? I am wondering if this type of deed will be free and clear of any and all liens Thanks
  • Chris Seveney
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7e investments
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