All Forum Posts by: Chaits J.

Thanks a lot for your reply @Jonathan.

This property that i am interested is in our very neighborhood and i know the layout, market value, rental returns , worst case scenario fixing costs..etc. So point 1,2,3 are okay with me. Point:4 is where i want to cover all bases. Will running a title search gives me everything i need to know ?

I wish you work around Mercer county so that i would have worked with you on foreclosures..:-)

I am also looking for a good commercial lender and Title search company. Can you please refer someone whom you worked with before?

Dear All,

I own couple of rentals that were bought as a regular sale and would like to venture into auction sales. There are a couple of condo's from my neighbourhood that are on auction schedule on Sheriff Sale list. Can you please suggest what are the steps to take in purchasing a property at auction.

My common sense suggest below but want to know from experts if i am missing any other steps.

a) Hire a Title search company and look for title issues ?

b) Check with condo association for any unpaid dues

Also once i purchase at the auction, what's the process to get someone living there to vacate ? How many months i am looking at if i have a tough occupant.

Thanks!

Dear All,

I own couple of rentals that were bought as a regular sale and would like to venture into auction sales. There are a couple of condo's from my neighbourhood that are on auction schedule on Sheriff Sale list. Can you please suggest what are the steps to take in purchasing a property at auction.

My common sense suggest below but want to know from experts if i am missing any other steps.

a) Hire a Title search company and look for title issues ?

b) Check with condo association for any unpaid dues

Also once i purchase at the auction, what's the process to get someone living there to vacate ? How many months i am looking at if i have a tough occupant.

Thanks!