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Updated about 1 month ago on . Most recent reply

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7
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Lydia Whiteley
3
Votes |
7
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Foreclosure Auctions and checking for liens

Lydia Whiteley
Posted

Hello! My name is Lydia and I am just starting out in real estate. I'm a novice (like "I don't know what questions I need to ask" level novice). I am interested in foreclosures because I feel like I can get a better deal even with all the rehab that will be needed. How do you all go about your due diligence prior to bidding on a property? Specifically checking to see what other liens are on the property. I appreciate any info and advice you all are willing to give! Thank you!

     - Lydia 

Most Popular Reply

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Doug Smith
  • Lender
  • Tampa, FL
1,818
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2,060
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Doug Smith
  • Lender
  • Tampa, FL
Replied

Let me give you one way if you don't have the MLS or Realist access. Go to https://publicrecords.netronline.com/. On the map of the US, click on the State the property is in. Then, choose the county. It will open up a list of the Clerk of Court, Tax Assessor, Property Appraiser, etc. I see you're from Baltimore. That is an odd case because it's like a "free city" and there is a separate "Baltimore County" section. The Clerk, where you would look up liens and other filings, makes you subscribe in that jurisdiction. Most counties do not. This is just one tool, but you'll want to bookmark it. You'll use it your entire career. I hope this adds value. Good luck to you! Remember me when it's time to finance your investments!

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