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Updated almost 18 years ago,
auction property/how to get title info on my own
Hi! I am new, and am more familiar with rehabbing, and would like to purchase a property up for auction next week. However, the owner, whom we already spoke with, says that she owes about $40k more than the info I have states. I am having a heck of a time finding out exactly what, or who holds title to this property. The trustee will not give out the info, do I go to the county? My county does not have the info available on line. The property is worth about 65-75k, and my bid info from Realty trac states that there is only 49k owed. The owner of course said she could not sell because she would need 96k, because that is what she owes. I possibly have an end buyer, but, I obviously cannot buy without knowing what I would,or my end buyer, would "inherit" in bills. How do you do this part?!
HELP! :crying:
Also, are there better resources for finding out about foreclosures? It seems that it is less risky and simpler to buy directly from the owner prior to foreclosure-is this true or does it depend? I cannot afford to pay for a full title report every time I find something of interest. Please let me know how I can know for sure to protect myself and my buyer.
Thanks!