Title Searching and Other Research

I've been asked this question a couple of times over the last month through PM and on other websites so I thought I would post something for new investors to think about so you aren't surprised.

When you buy and sell property in your own name,there is something you should be aware of. If you have a judgment against you, it causes a "cloud on the title" as soon as you buy it. In other words, that judgment will have to be paid before the deed can be transferred as a "clear and free" title to your buyer. No warranty deed can be given.

If you know a house has sold recently was rehabbed and is back on the market for a higher sales price, you probably have an investor buyer. YOu could look up the property address in the county courthouse and find out who the investor is and who leant them the money. Now you have killed two birds with the same stone!!

Article Source
http://finance.****/real-estate/article/103211/A-Little-Help,-Please

While most people want to own a home, young singles and couples often find it impossible to scratch together enough cash to make the purchase. More established folks, too, sometimes discover that the down payment for their dream house is just too big a nut to crack.

It doesn't have to be that way. Simple financial strategies exist that allow disadvantaged buyers to split the cost of a house by sharing the wealth.

"We can do more when we join with other people's money," says Marilyn Sullivan, a real-estate attorney in Arroyo Grande, Calif.

Article Source
http://www.lawfirms.com/resources/real-estate/real-estate-title-company....

Article Source
http://www.associatedcontent.com/article/2520907/how_to_do_a_real_estate...

How to Do a Real Estate Title Search
Buy Your Next Home with Confidence
Anita Cooper, Yahoo! Contributor Network
.Wouldn't it be great to know more about a property before you buy it? A real estate title search is simply a process of researching the ownership of your property. It is used to
determine if that title has passed legally and accurately throughout the years, up to the current owner. Knowing how to do a title search can help you find any potential problems with the property's title before you buy. With all of the other issues that can come up, especially when building your home, having one less concern is a good thing.

Article Source
http://www.ehow.com/how_5842346_conduct-real-estate-title-search.html

Conducting a real estate title search is imperative prior to purchasing a piece of real estate. A real estate title search is also helpful if you are interested in buying foreclosed real estate or a tax sale property. A real estate title search will reveal any encumbrances or liens on the property. You can conduct a real estate title search by completing the following steps:

1
Determine the tax map number or the name of the current owner of the real estate. If you don't have this information, take the property address to the tax assessment office in the county where the real estate is located.

2
Go to the Recorder of Deeds in the county where the real estate is located.

3

Article Source
http://en.wikipedia.org/wiki/Title_search

Full coverage search
A full coverage search is usually done when creating a title report for sale/resale transactions and for transaction that involves construction loans. It generally includes searches related to property lien, easements, CC&Rs covenants, conditions and restrictions, agreements, resolutions and ordinances that will affect the real property in question.

1.Search for liens against the owner and the other parties on title.
2.Search for liens against the buyer (for sale transactions only).
3.Search for Bankruptcy proceedings against the owner of the property.
Search for liens against the buyer is not something that is covered in a title search.
[edit] Limited coverage search

Article Source
http://en.wikipedia.org/wiki/Title_search

A title search is a process that is performed primarily to determine the answer to three questions:

Does the seller have a saleable interest in the property?
What kind of restrictions or allowances pertain to the use of the land (real covenants, easements, or other servitude's)?
Do any liens exist on the property which need to be paid off at closing (mortgages, back taxes, mechanic's liens, or other assessments)?

www.**** for more info.

I'm new here,thanks to dean and everybody here.....I'm paying cash to our estate for house, she lived in it for 55 years pretty sure no past problems, estate lawyer wants yo know how buyer is taking title, do i need title insurance to get title, thanks for any help