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[SIZE=3] H[/SIZE][SIZE=3]i, I am in a process of purchasing a foreclosure home in orange county, California. I would like to check if the title is clear. I went to the county website and only find the tax information without owner’s name or address. Is there any way that I can find out the information?[/SIZE]
Just did. They said if I dont know the owner's name, I would need a title company to do the search.
Oops....
I assume calling a title company to do it is going to require money. Perhaps not for a full title insurance policy but to have them look it up. Maybe a small fee.
But I am very curious on how this goes.
The deeds (which are indexed by property address) should have the owner's name on it, right? Any liens, etc, are indexed by name so you would then use the name you found on the deed to check.
A real question I have is, does a title company have access to more recorded information than an individual?
Like i said, i am curious, maybe I am going about this all wrong.
I work with a lot of investors and have to research title b/4 the auction. The title company that I use in Dallas charges $80 to do a title search. That's peanuts...
Ask the title company to give you an "O & E Report" (owners and encumbrances). This is cheaper than having them do a 40 year title search which is the procedure when the company will issue a title commitment.
Title companies may have more info about recorded documents than individuals only because title-related data is now supplied on an electronic subscription basis. But individuals should be able to get all of the same data for free by going to the County Recorders and requesting a clerk's assistance. The clerk can locate the relevant documents for you but will not interpret them or give you legal advice.
Location: Mokelumne Hill, CA & El Pescadero, BCS MX.
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If you're already under contract on the property, you will be getting a preliminary title report soon. It will show all easements, encumbrances, and vesting information.
It's part of the deal, ask your agent when you should expect it.
I beg to differ, we are buying a REO and the lender apparently did not do a title search. Our attorney did, and we did find an issue. We have delayed the closing to try to cure the defect.
Quote:
Originally Posted by chet everett
WHO IS SELLING THIS HOME?
If you are buying from the LENDER as the foreclosure process is complete it is THEIR OBLIGATION to deliver the home with clear title.
If you are buying from the COURT ORDERED liquidation things are much different.
Don't waste your time or money with a title search that your lender will already have done if you are buying a REO.
If you are buying at court ordered liquidation and you are asking questions here, things look grim...
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