Title search/title search for newbies

[Anthony Mellone jr]

Hello all, I have been purchasing homes for a few years now and renting them In NJ. As you know regulations are through the roof, especially here and I am Starting to learn about flipping foreclosure properties. Most people Recommend using title search companies and or title insurance but I see using a title search company for each and every property can be very costly. Is it worth it to do our own title search and then take out title insurance on a property if I bid and win the property? How does it all work? Anthony

[Tom Gimer]

@Paul M. Rule #1 is you need to know the position of the lien being foreclosed. 

If you have access to tax, judgment and land records, you can learn how to do a sufficient title search yourself. Clerks will be of little help and foreclosure notices do not indicate lien priority. If you cannot do a title search, you either need to pay a pro or you need to stay away from foreclosures.

Good luck.