BiggerPockets

I ran across an asset management co that is selling bulk reos
in So Cal for 70% of value, now this is what they say, and what I have found in researching them, They use Security Union Title Insurance, and no exceptions! There is no escrow # just a title order #, 90% of the properties are either tenant or owner occupied, and in the due diligence process the prices were pretty good about 68-70% of todays market, (i am a Broker) I did the numbers, but here is the flag in reviewing the Pre Lim I see that the banks Gifted the properties over to the asset Co, No Doc fees ect. also some of the homes have had Bankruptcy filed on the day of trustee sale, but yet they have title. What is this telling me? They are quoting Ca eviction laws, Also they say that Buyer's of Bulk sales may be required to absorb all back Property tax liens, boy thats a big one! Money has to be wired no exceptions!. Now I also ran across 2 homes that were still in the sellers name, and the seller was still present in the home. I am not asking if this is sour, I know it is, just tell me something I dont know, regarding these issues.
Appreciate it :idea: