OfflineSo my question pertains to how much due dilligence would I need to do as a wholesaler before locking up a property under contract regarding the title. What if the seller has a property tax lien that he didn't disclose to me or a water/sewer lien? I guess this is where the deal would fall through with my end buyer. thanks for your reply
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ooops sorry guys, i already asked this questions before. thanks
Once you lock up your deal you need to immediately check title. If it's clear you're good to go. I recommend Chicago Title because they do double and simulatneous closings. Plus they have awesome property information that you can access online. Call your local Chicago Title and make sure you establish a relationship with someone. My title lady is awesome and she knows all the realtors. She hooked me up with my current realtor and so far so good. Also, liens do not mean you have a dead deal. It means you can negotiate with the seller for a lower price if you're going to take care of them.
KimmyJ
Make it happen!