Updated over 5 years ago on . Most recent reply
Did I do enough due diligence for this property?
I plan on bidding on a property next week. I just want to make sure I've been doing my due diligence properly. Here are the steps I took:
-Read through the complaint and checked the promissory note and mortgage attached to it
-I looked up the property owners through the property appraisers website. I tracked it back to confirm the last title transfer occurred at the same time the mortgage was established. It is a special warranty deed. I checked the previous title holder and it looks like it was an REO. The last warranty deed was issued to the person that was foreclosed on. This occurred over 10 years ago.
-I then checked public records for all parties on the deed. I did not find any liens or second mortgages. I only found the one mortgage.
Is there anything else I need to check? I'm serious about purchasing this home, so I will be in a fair offer at the auction. Is it worth it to have a title company do a search? with insurance or without?