If you're bankable shop around and you will be competitive on rate and terms with banks without going through this arduous process of forming these unnecessary structures, transferring title and incurring additional transactional fees etc.

Might be a little lower than a purchase, but you will still be paying lender fees, title fees, escrow fees and prepaid items. 

Prior to that, I was a subdivision title officer at Fidelity for seven years. 

Since BP has this new funky advertisement in the forums that does not allow you to reply, (link above) I'll reply using the same title in hopes to generate some conversation.

I'm wondering if outstanding mortgages, taxes, or violations carry over.The auction states that the title is free and clear of liens, but the contract only mentions a quitclaim deed without explicitly confirming a clear title.

@Samuel Hopkins,Talk to some more title companies. 

BAM Go pick up your check from the title company.

Call customer service with a local title insurance company and ask for a trio (printout, map and deed).If all you are wanting is the name of the owner the title co should just give you that verbally.

As the title says, I am new to real estate.

I would also recommend ensuring you have a title company do thorough title due diligence and get title insurance.