All Forum Posts by: Mike Farr

My process is below. 

1) Go to Recorder of Deeds of the county for liens 

2) Go to Prothonotary case search of the county for municipal liens

3) Put parcel number and search it. 

4) Make sure you check tax claim bureau as well 

Use the Parcel number and Owner's name to search. If you learn this, you will be able to do a lot of searches rather than relying on third parties. 

I shortlist the list using the above process, take the top three, and send them to a title company. I pay $65 per search with a title company.  

@Mike Farr I have not used any sites like been verified however you can go to the county clerk's website for the county where you are buying the property and search the owner's name and that will pull up a list of any liens that are on the property.

@Mike Farr
If you are going to spend 100's of thousands of dollars on an investment property it's definitely worth spending a few hundred dollars to make sure the title isn't clouded and you get clear and marketable title at closing. You can try to check the county recorder's office and see if that comes up with anything. Usually that will have every deed, quitclaim and mortgage recorded accosted with the property, but by no means is this a way to do a title search. 

If you reach out to a local title company, they sometimes do a basic title search for $50-$100.  It's definitely worth it, especially if you're buying a property through like an auction or something similar.  I've never used beenverified.com

@Mike Farr yeah, your income shouldn't be an issue if you work with the write lenders here.  Now, how do you know what lenders are the "right" lenders?  I wrote an entire post on this topic that you can read HERE. I would prefer a Line of Credit product here specifically if it were me but I would certainly lean on other investors in your area on who those lenders are that offer such a thing. If all else fails you can certainly get a DSCR product if your property is rented.

Hope all of that makes sense.