Advice please, Cash purchase with no realtor.
I have a friend that just recently went through a divorce and his house is going into foreclosure next month 11/18. The home is around 1200 SQ ft, 3 bedroom, 2 full bath, 1 car garage, nice size yard, fairly good shape but needs all new flooring and paint. They owe $75,000 and rehabbed I would believe the house would easily bring around $135,000. The ex wife would like to keep the house to keep their kids in the same schools but both his and hers credit scores are bad and they are unable to refinace. I have offer them $75,000 cash and a lease for the ex wife for $750.00 dollars a month for a year. Here is where I need the advice. We want to close this cash deal without a realtor, do i just need to contact a title company and let them know the situation and request a closing. I want to make sure there are no back taxes, liens, second mortgages, etc. What would be my steps to closing this deal?