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Updated over 11 years ago, 08/31/2013
Title Searches
I just got my first property under contract. My intention is to do a preliminary title search on my own just in case there is something that would obviously be a deal killer. I went to the courthouse and under the mortgage records for this property I found nothing. It was not mortgaged by the current owner because he paid all cash. The fact that I did not find anything under the mortgage records means there are no liens on the property correct? Would liens be found anywhere else?
I also looked under the conveyance records. I found the current owners deed that showed the Secretary of Veteran Affairs as the seller. It mentioned something under the person that signed for the secretary of veteran affairs about VA REO. This led me to believe that this was a property that had some kind of federal loan on it that got foreclosed on. Is this a reasonable assumption? I was trying to find the owner that had it before the Sec of VA, but I had no clue what name to look up. I tried to look up Sec. of VA and the representative that signed for the Sec of VA but had no luck. What else can I try to look up and would you consider this property clear enough to start marketing it to buyers?