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.

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.

Well since people have wagers on my real age I can't say how old I was when I started because that would give away my age.I will say I have been doing it for 12 years now.

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

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

Or, go to a title company and have them do a preliminary title search.It is possible for a second to be in foreclosure and have the first current.

If you are going to want title insurance then see what it costs to get a preliminary binder so if you do buy they will issue a policy.

I know that a proper inspection will eventaully be needed but this is just real preliminary.

I have preliminary approval from teh second to take a discount and I am awaiting to hear from the first.Once I get approval in writing from the second I am good to go....because it gives me enough margin in the deal even if the first won't discount.