Buying at a Sheriff's auction
Quick question - looking at a property at the Sheriff's auction. How do you find out if there is a lien again the property from a mortgage company? All the liens I found were tax liens and all the searches the county office are based on the property owner's name and not the address. Does anyone have a sure bet way to do this even if it cost $ ? Don't want to bid & win a property that happens to have a mortgage lien! Thank you in advance.
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#1 Short-Term & Vacation Rental Discussions Contributor
- Investor
- Greer, SC
Search the Register of Deeds for recorded liens and mortgages.
Call a local title company and request a preliminary title report (also known as an owner report or letter report). It will give you title history and tell you if the foreclosing lender is in first lien position and list all subordinate lien holders.
@John Underwood I'll try again at the Register of deeds (they didn't seem very knowledgeable about it)
@Marty Boardman I called a few title companies this morning locally and none of them will do it unless purchasing a home :/
Quote from @Tayyab Chaudhry:
@John Underwood I'll try again at the Register of deeds (they didn't seem very knowledgeable about it)
@Marty Boardman I called a few title companies this morning locally and none of them will do it unless purchasing a home :/
Tell them you are purchasing a home (if they give you the info and you win the bid) :)