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Updated almost 9 years ago on . Most recent reply

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16
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Steven Markowitz
  • Sunrise, FL
2
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16
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6 liens on home

Steven Markowitz
  • Sunrise, FL
Posted
found a home that has 6 liens against it from $3k to over $1million. The city charges $75 to do a lien search on property. House is a total rehab gut job that is priced very low in an up and coming area. is it worth investing in lien search, this is on redfin and i'm sure every investor is on top of this in a hot area.

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4,609
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David Dachtera
  • Rental Property Investor
  • Rockford, IL
2,990
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4,609
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David Dachtera
  • Rental Property Investor
  • Rockford, IL
Replied

@Steven Markowitz,

You might do better to do the title / lien search through a title company. The city might not be thorough and might focus only on their own interests. That will cost more, but you would be able to have more confidence in the findings.

My $0.02...

David J Dachtera

"Success is not a destination. Failure is not an event. Success is a process, failure is a choice."
- DJ Benedict

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