Obtaining a lien search will uncover any title defects, liens, and judgments against the property. It is a must!! Whether you buy from a seller, as part of a short-sale or at foreclosure, obtaining title examination is imperative to protecting your ownership.
With a major shortage in homes, buyers are turning to foreclosures. In a recent 4th DCA case the appellate court didn't sympathize with a buyer that purchased a foreclosed property. Even though he was "new" to foreclosures, the Court held that the buyer should have done his own due diligence and research. Had he performed a lien & judgment search, he would have discovered a superior mortgage on the property. That means, the Buyer purchased a property, paid a lienholder, and still had a loan on the property. The "good deal" turned out to be a disaster!! See Can Financial, LLC. v Nicklewicz.
Don't be THAT buyer!!! Align yourself with Sobi Title & Escrow that will do the research before you bid at auction.
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7900 Nova Dr
Ste 205
Davie. FL, 33324