Buying first land contract through Paperstac

[Adam Walter]

Hi Everyone,

I'm in the process of buying my first Land Contract through Paperstac and had a few questions.  The property is in Ohio, and I have a house a block away and drove by the property yesterday.  Everything looks good with the collateral and the process is easy so far.  We are at the point where Paperstac is asking me to wire funds and the seller to provide file information.  Is it normal to wire funds before reviewing the file?  

Another question is that I can not find the land contract recorded at the county website.  How concerned should I be if the land contract is not recorded?  Is there anything else I should look for or do?  Should I get a title search?  Thanks!!   

[Chris Seveney]

@Adam Walter

This may sound harsh but Please get an education before buying notes and land contracts. Ordering a title report is the equivalent of using toilet paper after going #2. Even a 2 year old knows this.

Or you can Go ahead and wire the funds and buy the property without a title report. Then when you find out it was sold at tax sale, has an irs lien or incurable title guess what - your up a creek.