Due Diligence on Home Auctions Advice

[Silas B.]

Here's what I have for Due Diligence - can anyone think of anything else that would be good to check?

• Get List of Properties and Verify properties that have homes on them

• Write out list of homes interested in

• Verify Parcel # on Tax List and Parcel # on sites like Zillow is the same (information checks out)

• View Parcel # on County Parcel Map to check lot lines of Parcel #

• Use Melissa.com to find out owner and cross reference with County Tax Deed List’s Owner

• Check County Records for LIENS on Owner(s) (All government tax liens stay with property)

• Check County Records for any other potential problems, judgments, or problems

• Check Zillow Tax History for potential Mella Roos or extraordinary tax issues

• Check Zillow for HOA fees, rental value, potential market value

• DRIVE BY interested properties AND Neighborhood to get an idea

• ASSESS condition of roof and outside of home (also any clues to inside, fires, etc)

• DETERMINE estimated costs to fix home (and insides) and exit plan

• Find out if owners have filed for bankrupcy? (Pacer)

• Find out county rules about evictions (some counties don’t allow evictions if tenant is over 60)

• Find out about pulled permits from City Building Department

• Find out about any EPA waste or problems with that location

• Demolition scheduled? (City Building Department)

• Get an O & E report to see if there are any current mortgages or other current issues

• DETERMINE MAX BID