Title Searching and Other Research

While the delivery is not that good, sorry to say, he does give some good reasons why one shouldn't rely on zillow, etc for accurate information when running comps etc.

https://www.facebook.com/video.php?v=697203603666447

DG Fam,

When you have a prop under contract, you next go to get a title search done right? Ok, I have to use an RE attorney for that in GA so I have to pay the attorney a fee up front? That is a little costly isn't it? Where does the no money down concept come into play if this has to be done?

Bernard
Douglasville, GA

Quick question DG Fam... When you get a deal under contract through a MLS listing with your agent, do you have to use the agent's RE attorney or can you use your own RE attorney? Where I am they use attorney's not title companies for closings. Would that present an issue with your agent?

Bernard
Douglasville, GA

Alright DG Fam!

I had a great meeting with a RE Agent today and I think I found a winner. Talk to quite a few and this one seems like the money shot! She already sent me properties within the hour after I left. Now, she did mention the transactions are done through RE attorneys and not Title Companies in GA. She stated she deals with a particular attorney. She is not aware that I will be wholesaling properties. Ok, so here's my question....

Also known as first owner searches.
Let me share how important it is to have a preliminary search done on any property that you plan on buying.
After contacting a motivated seller through craigslist or any other avenue the very first thing I do is go through my script or lead sheet to find out the magic buttons of the seller.
Only after inspecting the property and getting a repair list do I make an offer and start the process of locking up the property. My strategy is rent to own and I used this system over and over again to either buy the property out right using lines of credit I have established or my own cash or from other private moneylenders.

https://www.sitexdata.com/Home/index.aspx

anyone use them? Have someone send me a property to look at so I ask them if they had realtor comps, and they said they get their comps from this site. Thank you for any help. Tammy

Wanted to make this information available to all the students that might have need of it.
This is a company that will go and do a property snap shot for you on the property of your choice.

Depending on how fast you want the information back will change the cost of the report.

http://propertysnapshots-report.com/wordpress1/

Look under the sample reports

"Our PS&R includes specific information to help you assess the risk of investing in the subject property. We include information on the exterior condition of the property and detached structures. We also include an assessment of the neighborhood, surrounding properties, occupancy status, protection class evaluation, presence of any posted notices and pictures from several angles."

Hello all, I have gotten a lot of great information from this site and wanted to thank everyone. I have started looking into vacant properties in my area and am trying to figure out how to find out who owns them. Does anyone have any suggestions? Thanks again.

Are you interested in buying a foreclosure? If so, you have one thing on your mind: making money. While there is nothing wrong with this, any mistake along the way could cost you big time.

In the past, many have made the mistake of not completing a title search before purchasing a foreclosure. There is no reason to believe that this search will turn up something, but there is always the chance that this could be the case. If you neglect to do a title search and there is a problem, such as a lien, it could cost you thousands upon thousands of dollars. Is that a risk you are willing to take?

Now that you understand the importance of doing a title search before buying a foreclosure, here are three ways of completing the all important process:

Visit the Courthouse

I have a lot of respect for title companies. I have found them to be very reliable through the years. They do a great job of getting the papers ready for closing and getting needed research done. The requirements for a title company are very strict in most states. Because of that there are very few errors committed by title companies.

Most title companies will not rush a deal just to make people happy. They know and understand the need to get things right. Remember this the next time someone blames the title company. Remember, they are simply protecting all involved.

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