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Old 06-12-2010, 09:38 PM
 
Location: MASSACHUSETTS
747 posts, read 633,683 times
Reputation: 513

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Closing this coming Thursday and neglected to arrange a title search with a lawyer to see if there are any liens against the property. Is this enough time to do one?
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Old 06-12-2010, 09:49 PM
 
Location: MASSACHUSETTS
747 posts, read 633,683 times
Reputation: 513
Also, I have title insurance so is it even necessary to do?
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Old 06-13-2010, 09:08 AM
 
Location: MID ATLANTIC
7,598 posts, read 17,623,584 times
Reputation: 8078
If you want a mortgage, yeah, a title search is necessary, as is title insurance for the lender (which can only be obtained by a title search).

If you ask nicely, you may find someone able to turn it around in 48 hours........it may cost additional, but be sure you find someone located in the jurisdiction of the property and not two counties over. Someone's going to the courthouse for the search.
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Old 06-14-2010, 09:44 AM
 
Location: Mokelumne Hill, CA & El Pescadero, BCS MX.
6,958 posts, read 18,535,708 times
Reputation: 6356
Quote:
Originally Posted by sturmgeist View Post
Also, I have title insurance so is it even necessary to do?
If a title insurance company has issued a preliminary title report, the title search has been done and you should have received a copy of it, listing all liens against the property.

Disclaimer: This is how it works in CA, it may be different in your state.
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Old 06-14-2010, 04:47 PM
 
Location: South Dakota
733 posts, read 4,081,049 times
Reputation: 710
Quote:
Originally Posted by sturmgeist View Post
Closing this coming Thursday and neglected to arrange a title search with a lawyer to see if there are any liens against the property. Is this enough time to do one?
Here are your choices:

You can have it fast, you can have it good, you can have it cheap.
Pick any two.

Seriously, if you have title insurance the title insurer has already done a search. Any encumbrances or other problems that need to be cleared by closing should be disclosed in the insurer's report.
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Old 06-15-2010, 09:05 PM
 
Location: MASSACHUSETTS
747 posts, read 633,683 times
Reputation: 513
It turns out my lawyer did a title search, sorry for wasting your guys time. Thanks for the info, hopefully it helps someone out when doing a search in the future.
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