I actually just attended a Erie County Tax Lien seminar and thought of these tips.. I don't have any experience myself yet. Seeing the property is always best obviously. Although securing the assets is key in this seller's market so hopefully they will be profitable for you... depends on your use of the property - flip or buy/hold, etc.
Thank you for the advise. I won several bids on NYSAuctions & all I have are title search for each property w/ www.ustitlerecords.com. Back taxes are indicated. Should I expect any other hidden liens not indicated in the title search?
I have never visited the property. I judged deal based primarily on Tax Assessed Value. What do you think?
I actually just attended a Erie County Tax Lien seminar and thought of these tips.. I don't have any experience myself yet. Seeing the property is always best obviously. Although securing the assets is key in this seller's market so hopefully they will be profitable for you... depends on your use of the property - flip or buy/hold, etc.
Chris Naugle invited me to table/present my funding options for investors at his Flip Out Academy networking event last week and the guest speaker was Joseph L. Maciejewski, CCD, Director of Real Property Tax Services for Erie County, NY. He did a quick presentation on the upcoming auction 9/28/17. Are you interested in investing in Western New York?
Always expect problems that way you're never caught completely unaware but if you have done the title search on the property through a big company like that you should be good. There should also be title insurance when you pay for a service like that to search your title.
If you have all that in place there isn't much more to be worried about, anyone that ever had some interest in the property would show up in the title history after you get the quitclaim for the property. As an agent yourself you have some familiarity with that and what that means for the marketability of the title, I just don't know what else could be hidden around the corner.