Do I or do I not need to title search REO after offer is accepted???

[Summer Segeleon]

Will the purchase contract from a bank say "delivering clear and marketable title, free of liens or encumbrances" , and if so, then why would I need to pay the cost and time of a title search on a bank owned property? I've read through some previous posts, but haven't found a clear answer.

Also, if it is said that i do still need a title search- what if my attorney finds something.. I plan to submit offers with very little contingencies - so .. where and how in the contract will the ability to deal with a potential lien or problem exist ?