I turned in my contract to my title company for a title search.

If you mean you take possession of the property and the previous owner still has a mortgage on it, no, because you don't own it.If you get title and you sign a promissory note to the seller to make payments (essentially the seller becomes the banker), you can get a loan for two situations: 1> a loan with a bank to refinance out of the promissory note, which pays off the seller what you owe, and places a new lien on the property. 2> Potentially a rehab or 2nd mortgage "IF" you can find a bank willing to take a 2nd position on the property.

Does anyone have a recommendation for some good title companies that’s investor friendly in the Lansing, Michigan area.

I have checked the property's title and do not see any liens recorded for the owners nursing home expenses.

@Drew Ramasco i think you just both sign a sales contract and then you close with a title company once you get a loan.

What cost should I budget for e.g. real estate contracts, closing agency (title company)?

What cost should I budget for e.g. real estate contracts, closing agency (title company)?

can I begin researching title now before I am officially in negotiations- Are there any rules of thumb or advice on some of the nuances of buying REO from Fannie?

Then work with a realtor or title company to sort out facts from lies.

This fee is normally held by the title company or the closing attorney."