How to verify the legal owner of the property in wholesaling?

[Pat A]

I saw a news that someone selling a house that doesnt belong to him. My question is in the wholesale deal how and when can I verify the ownship of the property? Is it after signing option to purchase? Or as a wholesaler, that's not necessary?

Thank you

[Ibrahim Hughes]

This is one of the reasons why I believe that all wholesalers should be able to do their own title searches. You don't want your end buyer spending money (or you spending time) without being able to verify important aspects of the subject property during your due dilligence such as ownership, encumbrances and legal status (whether or not the property is in foreclosure).

Visit your county recorder's office and learn to search title yourself. You will protect your professional image (as opposed to ruining it when a deal falls through because your seller isn't even the owner) and learn alot about the real estate laws of your state and county.