Advice on Preliminary Title Searches for Foreclosure Auctions

[Galant Ant]

Hi everyone,

I'm delving into purchasing properties through foreclosure auctions and am trying to navigate the complexities of preliminary title searches. I’d love to hear your experiences on where and how to effectively conduct these searches.

What tools or resources have you found most reliable for uncovering any liens, encumbrances, or issues that could affect the property title? Additionally, if there are particular strategies or tips you've found useful in this process, I would greatly appreciate your insights.

Looking forward to learning from your experiences!

[Jay Hinrichs]

really depends on the state.. for instance OHIO is one of the safest the judge wont confirm the sale unless everything except irs is taken care of.. you just need to know if its a first or second.

NV is another pretty easy one at least Vegas. where the sales are handle downtown there is a title company right there and they run title on everything that is going and offer a hand out to any bidders just ask for it..

IN CA OR WA  same thing if your bidding on a first then 99% of the issues go away . Its simply not feasible to run title on everything that you want to bid on if your out west.

the reason is you can look at 50 props you like and only 1 maybe 2 will actually go to sale and you have competition on those..

now i am talking TRUE foreclosure sales not Auction after the fact.

[Galant Ant]

Thank you for sharing those insights! It’s really helpful to understand the different processes in various states.

I’m particularly interested in how this compares to New York, as I’m considering investing there. Any insight on how does the foreclosure process in New York compare to states like Ohio or Nevada, particularly regarding title checks and safeguards for buyers?