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Updated over 7 years ago on . Most recent reply

User Stats

7
Posts
1
Votes
Hutoxi Maneckshaw
  • Real Estate Agent
  • Hillsborough, NJ
1
Votes |
7
Posts

Bidding on a property on Hubzu

Hutoxi Maneckshaw
  • Real Estate Agent
  • Hillsborough, NJ
Posted

Hi,

I am looking to bid on a property on Hubzu which is REO. It said on Hubzu that it is owner occupied, but when I drove by the neighborhood and spoke with the neighbor he said that the owner had died 8 years ago and its vacant since then. There was on old car on the driveway which will need to be disposed of. Before bidding on it, how do I find out if there are any liens on the property ? Is there any online title company which can do a prelim title search ? If I do end up being the winning bidder what is the process of actually getting the property ? Once the earnest money is given and later during title search if there are any major liens can I still back out ? Any help would be appreciated. Thanks.

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