Buying an auction property

[Michael P.]

Looking for advice. In my neighborhood a condo going into auction on auction.com. I want to grab it as an investment prop. Would you hire a title company to do initial search or go to court house? Because if I win I can hire the title company for title insurance, or do I have to hire them for initial search to be eligible to get insurance through them? Anyone have any contacts for real estate attorneys in south jersey?

[James Masotti]

Originally posted by @Michael P.:

Looking for advice. In my neighborhood a condo going into auction on auction.com. I want to grab it as an investment prop. Would you hire a title company to do initial search or go to court house?

Because if I win I can hire the title company for title insurance, or do I have to hire them for initial search to be eligible to get insurance through them?

Anyone have any contacts for real estate attorneys in south jersey?

 Auctions do not have a due diligence period. So if you win the auction you're stuck with whatever you get. Therefore it is strongly encouraged to make sure you do the title search and, as best as you legally can, inspect the property so that you can make some assumptions about its condition before placing your bid. 

Best of luck!