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Updated over 5 years ago,
title search question
When purchasing a foreclosure at the auction how do you guys perform the title search? Do you hire a title company or do it yourself? I'm not educated enough to perform the search myself.
I feel that if I hire a title company then I could be wasting money on the search because I've done a few test runs on properties only to find out that the owner has claimed bankruptcy or has settled with the lender when I arrived at the courthouse. Now if I hired a company to perform the title search on these properties, then I would be out that money. So basically here are my questions:
1) How do you perform a title search for the foreclosure property?
2) How long does a title search take if performed by a title company?
Thanks
Pete