Hi everyone,I'm delving into purchasing properties through foreclosure auctions and am trying to navigate the complexities of preliminary title searches.

I had reached out to a couple of national ads and had received some call backs and was wondering if anyone on the forum has worked with prior, dealt with before or presently working with RENATUS... any advice before preliminary contact would be greatly appreciated. thank you!

Steve: If you are going to bid on an Ohio Common Pleas Court  foreclosure, the process is pretty safe because the foreclosing lender has to include a "PJR" which is actually a "Preliminary Judicial Report" which is a title report and include a commitment for title insurance should the bidder be successful and the property to be conveyed.This differs from a liquidation auction by a lender, private auctioneer, receiver (other than an actual foreclosure case) where you might be successful but the property has pre existing liens that don't get swept away by the foreclosure case.For your first one of these, get a lawyer to advise you.

Usually on these you would have a title company run a preliminary title search to ensure there aren't any other liens on the property, then you can buy through a variety of different ways - owner financing, subject to, cash, traditional financing, etc. 

Anyone wanna wager on that?

Murali - I was mostly going by the above map for green areas for a preliminary look, and the new construction in Forney is almost the same price as a older properties. 

You said your property passes their preliminary checklist.

We are a very large metroplex so I will wager it is not difficult at all IF you have the mailers directed to the right individuals in the right areas.

This is all pretty preliminary for my wife and I, but hoping to find something within 6 months. 

I'd wager any "good deal" you actually might of had you didn't recognize as the market seems to be doing really well there.Maybe get your real estate license and all those leads you can't convert as a wholesaler you might be able to pull 3% from?