All Forum Posts by: Nehel Khanani

There are quite a few on xome. They're foreclosure trustee sales so I trust I'll get a warranty deed. Or am i mistaken to think that and are these quit claim deeds? I'm from northern california so anything below 100k elicits a 'wow!' from me but this, seems unbelievable..

At this price, it's worth a trip to FL?

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Newbie Questions (pardon my ignorance please!)

1. I'm looking to buy a property at a live auction (in CA) or a rental property via an online auction (auction.com) but not sure how the Title insurance works for auction property. DO i contact the title company beforehand for each property I plan to bid on (and want to purchase insurance for)? Seems like that may get expensive! With trustee sales I'm worried there may be heirs that we don't know about or unpaid taxes etc. What do you guys do/recommend?

2. What does it mean when it says "buyer is responsible for taking possession" and "buyer will be issued a warranty deed of sale"? For the former, is that just referring to the potential need for an eviction? Is a warranty deed of sale a title of ownership?

Thanks all

And if anyone is based in california bay area, would love to meet up!

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Originally posted by @Tom Gimer:

So we are still speculating on what the UCCs in question relate to. But assuming they are solar, the lien (if any) created by their filing would be against the solar components only. And since the new buyer never signed the solar loan paperwork or the UCC, what remedy would the solar company have if new buyer says "No thanks, don't want these and won't pay for them" other than removal?

Thanks for your insight.

Hi all! Wow this was all so helpful. Wish I'd found this forum sooner . The auction.com listing has a bunch of documents but as I am new to this not sure how to identify whether the liens are solar or not. Here is listing: https://www.auction.com/details/8500-via-gwynn-way...

The property is currently empty (which for a newbie is a good thing I guess because it saves the need for an eviction) but how do I find out why the owners abandoned it or where they went...i'm guessing they are still alive, but in case not, is it possible to find out if inheritors are involved so may make a claim later?

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Hi all, I'm pretty new to investing in real estate in the US and so sorry if this question sounds redundant!

A property I'm interested in has this note on it

NOTE: Property is subject to a UCC Lien. Per Seller‚ Sellers title company may insure over the UCC lien. Buyer should confirm with Closing/Escrow company.

1. How do find out what the amount of the UCC lien is and can i get title insurance to protect me when i buy the property?

2. in the Title insurance provided on auction.com (Dated aug 2016) I found some information about liens. How do we find out if these were paid off?

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All Forum Posts by: Nehel Khanani

Nehel Khanani has started 3 posts and replied 4 times.

Post: how are these properties starting so low e.g. $100?

Post: Title insurance + possession for an auction property

Post: Newbie Q: to buy or not to buy foreclosure with ucc lien

Post: Newbie Q: to buy or not to buy foreclosure with ucc lien