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Updated almost 4 years ago on . Most recent reply

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88
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Henley H.
  • Jackson, WY
9
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88
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Sheriff sale due diligence?

Henley H.
  • Jackson, WY
Posted

What types of due diligence should be conducted prior to a sheriff sale for property? It seems like a title search is necessary to ensure no liens/encumbrances. The local title company quoted $500 for one of these, or $150 for a lesser version they're calling a 'lot book'. While this seems like a necessary investment, it also adds up quickly if you're looking at many properties. For people who frequently attend these auctions, do they just absorb this as a cost of doing business or is there an alternative? 

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1,490
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942
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Matthew Crivelli
  • Lender
  • Massachusetts
942
Votes |
1,490
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Matthew Crivelli
  • Lender
  • Massachusetts
Replied

What really adds up is getting stuck with liens on a property you just purchased. Don't ever go in blind especially on a sheriffs sale. Do as much due diligence as possible!

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