So that I may turn over the title to my LLC after or can I just purchase the property for my LLC right off the bat?

If you are getting a loan the lender will require a title search about 200.00.

I always thought that if you hired a title attorney and they did a title search and felt comfortable that there was no cloud on the title, that you could then convey the property with a Warranty Deed and be able to get title insurance on it to boot.In my situation, prior to the house being foreclosed on there were only 2 previous owners since the house was built and in both cases these owners had Warranty Deeds.I find it hard to believe that a property can have a Warranty Deed on it for almost 50 years but the minute it is foreclosed on there seems to be some question surrounding the chain of ownership.Can anyone add some insight on this?

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

We have not closed on the property, so the title hasn't transferred yet.

First you need to research title so you know exactly what the situation is, how many liens and the priority of each.

I have 2 realtors that are keeping an eye out for "flip" properties for me.I however don't have a title company (there is a local one that I used when I purchased my commercial building for my business), I'm not set up as an LLC, inc, or anything else for that matter.I'm a prepaid legal member, I don't know if that counts as having a lawyer or not.So I'm really hoping that some of you might be willing to help me out with what the next step(s) is.Thank you so much for your time.

He was able through his company to get me an up-to-date list of NODs (I found out that title companies are some of the best sources for NOD info).

Each SMLLC would take title to an undivided XX% interest in the real estate as a tenant in common.

It utilizes different benefits from two companies, an identity theft program and a legal services program.