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Updated almost 2 years ago on . Most recent reply

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45
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Sanil Subhash Chandra Bose
  • Investor
  • King of Prussia
26
Votes |
45
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Question regarding Title Search

Sanil Subhash Chandra Bose
  • Investor
  • King of Prussia
Posted

I have a property that I believe has greater potential to flip or keep as rent. It is currently on auction and would like to participate in it. The property is owned by UMB BANK NATL ASSOCIATION. I am pretty confident about the property and wondering if I should be running a title search. The title is moved to the bank on Nov 2022. Do I really need to run a title search before participating in the auction? I am pretty sure the bank has done due diligence before owning it. 

Most Popular Reply

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Chris Seveney
  • Investor
  • Virginia
15,351
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

@Eliott Elias

Not necessarily as many times a second lien holder may be foreclosing. We have foreclosed many times from 2nd position and taken property subject to the first.

  • Chris Seveney
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