What's next? Just bought my courthouse-auctioned property

[Dymond Shafer]

Hello!

I just bought a property on the courthouse steps for $21k.  Auctioneer advised me the title will be mailed to me within two weeks.

What’s should be my immediate first steps?

Can I still choose my own title company to close the transaction?

What is the best type of insurance coverage for this situation?

Are home inspectors able to write a report saying the property is up to code?  Or does the county have to?

Thank you!!!!

[Wayne Brooks]

Not sure about Missouri, but typically there is no "closing" with a courthouse auction......you pay the money, you received a deed at some time.  I assume you did some kind of title search?  If not, get one now.  If you did, and you want title insurance, you can buy it. Your insurance depends on what you're doing with it.. For a flip, get builders risk insurance.