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Real Estate Deal Analysis & Advice

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Kristin Riker
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NY Letter of intent/title search

Kristin Riker
Pro Member
Posted Nov 8 2022, 05:57

Hello,

I am looking to make an offer on an off property house in NY.  House is abandoned, boarded up but had to do quite a bit of digging and finally got in touch with trustee who said to make an offer and he will present it to his client.  I contacted previous home owner who stated he has "nothing to do with that house".  

My question would be when does the title search happen? Before I submit my letter of intent or after (and if) they accept but before going into contract?

Thanks!

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Jay Thomas
  • Real Estate Agent
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Jay Thomas
  • Real Estate Agent
Replied Nov 8 2022, 06:13

Hey Kristin, 

Most deeds should be recorded and it public information which can be found online on the county clerk website. That would be a good place to start. 

 I would recommend reaching out to a local title company and seeing what information they can get for you and how much it will cost. 

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Mohammed Rahman
  • Real Estate Broker
  • New York, NY
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Mohammed Rahman
  • Real Estate Broker
  • New York, NY
Replied Nov 8 2022, 13:55

Hey @Kristin Riker - as far as I know, title search is typically ordered through your attorney & title company. This happens once you're under contract and both parties have agreed to conditions and closing date. 

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Lien Vuong
  • Real Estate Agent
  • Boston, MA
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Lien Vuong
  • Real Estate Agent
  • Boston, MA
Replied Nov 8 2022, 14:05

Happens after you get under contract, make sure you're presenting the offer to the right person and that you're giving funds to an appropriate party. 

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Kristin Riker
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Kristin Riker
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Replied Nov 8 2022, 18:05

@Lien Vuong Thank you, its been a maze trying to find the right person to present this offer to. 

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Suzanne Player
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  • Real Estate Broker
  • New York City / Long Island, NY
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Suzanne Player
Pro Member
  • Real Estate Broker
  • New York City / Long Island, NY
Replied Nov 11 2022, 06:07

Your attorney orders your title.  If you need attorney referrals for Long Island, feel free to message me.  Good luck