Shortsales
Hey everyone. I am interested in working with shortselling distressed properties.
How can I find out if there are any other liens on a home like other loans, backed up taxes, etc. Can I find this out with a preliminary title search??? Are they expensive?? 
Does anyone have a list of questions to ask the sellers of these types of transactions?
Has anyone worked with trustee sales?
What is the difference between these and the usual forclosures? Is this a profitable venture?
Thanks a million guys!!!!!!!!!
Gary
Other liens and delinquency tax status can be checked out at your county's Property Appraiser and County Recorder's office. Many counties have this information on line at the county web sites -- all you need to know for the tax information is usually the address. Search this at the property appraiser's (some counties perform this role as the County Auditor) and you will get the tax delinquency status. You can also usually find out the owner's name. Then you can go to the county recorder and do a search on that name and the property to reveal any liens or assessments against the property.
Coincidentally, this is the same process your title company uses to do a title search -- looking up records and deeds and such at the County Recorder.
Good luck!
Thank you very much for your response Dciolek. I appreciated very much.