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Updated almost 9 years ago,

User Stats

8
Posts
0
Votes
Rob Tarsio
  • Investor
  • Lindenhurst, NY
0
Votes |
8
Posts

Homesearch auction questions ?

Rob Tarsio
  • Investor
  • Lindenhurst, NY
Posted

Hi , 

I've participated in about 8 auctions for 1 occupied property over about 9 months.  

The bank finally accepted my offer with the reserve not met.

I had the contract in my email box the same day.    Contract is very scary.   Attorney says it is extremely 1 sided (understood).  

I wish to get our own title search done as I don't trust theirs .

I don't want to send the emd in fear of losing it if title has issues.   I checked locally and taxes were paid , no c-o issues, property looks ok after a peek.  

Has anyone had a title search done and there were issues and what happened with the emd and auction? 

Thanks!

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