When buying an REO property get a preliminary title report and review what it says.Personal note; When buying I always buy title insurance to benefit the buyer.

That is shocking the market as we speak but if we just wait for and follow the govt reports after the fact, it will take us months to see that shock show up in Home Resale prices.What if all us investors "got the memo" now and realized what will happen over the coming months and then called the lenders and cancelled all our offers to buy short sales and REO's or lowered our prices?

So far we have been reading books and making the preliminary steps to creating a social network by finding out who we know are real estate agents, contractors, sub-contractors, bankers, etc..

The safest thing to do is to have a title company do a preliminary title report.

Letting the bank forclose :shock: its not as "easy" as you think when you have other assets sitting

Are you doing a preliminary title search at the courthouse or something?

:pup: :shock: :lol: :goofy:

Lisa :goofy: :superman: :beer: :shock: :lol:

I have been trolling the forum for some time, and finally decided to get more involved.There are so many forums related to Real Estate Investing now that you have to be very picky on where you place your efforts.Well, I am a Realtor, shocking?

We did the preliminary title search and found two judgements against one of the home owners.