Can somebody share their great knowledge and list step by step how to do a title search and find Federal and etc. Liens that don't get taken care of with title insurance.
Doing title searches are different in every county and every city. In general, all deeds are recorded at the land records departments of the county you are in or the city you are in. All liens must be recorded in order to be enforceable. You must first start with the property address or name of owner and work backwards. Look up the title by deed book and the liens are either on computor at the courthouse. Liens not on computor will be recorded by the name of owner in the book of liens that are divided by years. Be diligent and ask, ask, ask, many questions of the clerks in the recorders office. They can be very helpful, be polite and the other title searchers can be of great help.
Good luck,
his post said about everything you'd need - but just for my 4 cents (gotta be worth more than 2), go to the recorder of deeds and look up the deed by owner name, address of property or parcel number. also find mortgages, assignments, satisfactions, releases, ucc (tax filings), assignments of rents and leases, subordination agreements, etc... try to find which mortgages are open, by looking to see if they have satisfactions or releases associated with them (may need a copy of the document, to assure that). ultimately you'll want to come up with a last owner search (the latest owner, current deed of decent consideration <not $1> and all open mortgages). then search for federal liens and bankruptcies. here, we do this at the common pleas office. we can get municipal court judgments, common pleas judgments, ucc filings (recorder of deeds and prothonotary), etc ... usually, they'll have computers in the office as well, which you can run water/sewer taxes, find other taxes on the property (gas and electric bills, etc...), nuisance liens and abatements.
man, i just realized how unorganized my reply was, hahaha. it's hard to explain things because every county/state is different. this is just the way in phila, pa, but i'm sure some is common with other places. i hope something i said can be salvaged in this mess. hahaha.
I start at the assessors office find out the assessment of the property, taxes and legal description of the property with either the address or owners name. * make sure you have the right address because the owner might own a number of properties.
Go to the recorders office and either use grantee/grantor books or computer or track index.
If I use computer I search by name,both names if married and by legal description.When I see a mtg with the same legal description I'm looking for, I write down the doc number,
or anything else the has to do with the mtg, legal or name like a assignment or extension when I come across a release or discharge I compare it to my list and cross off the coresponding doc number. When I'm finished the mtg, lien, judgment
that is not crossed off is still in effect.
Grantee/Grantor books work in about the same way. However, you can't search by legal, only names the names will have the legal description across from them. You will also have to find other books that have judgments and liens and do the same thing with them.
Track index well, you have to search by legal unless the recorders office also has a computer then you can search the name also.
It seems like every county recorders office is different, You need to go and become familiar with the recorders office and ask questions, and become familar with the paper work like extentions,extentions can extend the due date, change intrest rate, or extend the amount borrowed.
It seems like no two searches are alike. Some problems can arise like you can't find a deed, mabe do to a death, then you find the probate, and it depends on how far back you are searching mabe some deeds weren't recorded. There can be some set backs.
Excuse me for rambling on..... I think sometimes I could write half a book on this subject even if I'm not an expert.
Remember also to check the names like Bobby,check under Robert, Bob and ****Must Reach Senior Investor status before posting URL's***his should get you started.
Happy searching.
Hawkman
Can you share the information with me as well. Whenever you get it .
Thx
QM
Doing title searches are different in every county and every city. In general, all deeds are recorded at the land records departments of the county you are in or the city you are in. All liens must be recorded in order to be enforceable. You must first start with the property address or name of owner and work backwards. Look up the title by deed book and the liens are either on computor at the courthouse. Liens not on computor will be recorded by the name of owner in the book of liens that are divided by years. Be diligent and ask, ask, ask, many questions of the clerks in the recorders office. They can be very helpful, be polite and the other title searchers can be of great help.
Good luck,
Don
Here is a link to a post I did a while back on this subject.
http://www.thecreativeinvestor.com/ViewTopic3737-7-0.html
Hope it helps.
John (LV)
Good to see you're back and rolling John (LV)!
his post said about everything you'd need - but just for my 4 cents (gotta be worth more than 2), go to the recorder of deeds and look up the deed by owner name, address of property or parcel number. also find mortgages, assignments, satisfactions, releases, ucc (tax filings), assignments of rents and leases, subordination agreements, etc... try to find which mortgages are open, by looking to see if they have satisfactions or releases associated with them (may need a copy of the document, to assure that). ultimately you'll want to come up with a last owner search (the latest owner, current deed of decent consideration <not $1> and all open mortgages). then search for federal liens and bankruptcies. here, we do this at the common pleas office. we can get municipal court judgments, common pleas judgments, ucc filings (recorder of deeds and prothonotary), etc ... usually, they'll have computers in the office as well, which you can run water/sewer taxes, find other taxes on the property (gas and electric bills, etc...), nuisance liens and abatements.
man, i just realized how unorganized my reply was, hahaha. it's hard to explain things because every county/state is different. this is just the way in phila, pa, but i'm sure some is common with other places. i hope something i said can be salvaged in this mess. hahaha.
have a good one!
I start at the assessors office find out the assessment of the property, taxes and legal description of the property with either the address or owners name. * make sure you have the right address because the owner might own a number of properties.
Go to the recorders office and either use grantee/grantor books or computer or track index.
If I use computer I search by name,both names if married and by legal description.When I see a mtg with the same legal description I'm looking for, I write down the doc number,
or anything else the has to do with the mtg, legal or name like a assignment or extension when I come across a release or discharge I compare it to my list and cross off the coresponding doc number. When I'm finished the mtg, lien, judgment
that is not crossed off is still in effect.
Grantee/Grantor books work in about the same way. However, you can't search by legal, only names the names will have the legal description across from them. You will also have to find other books that have judgments and liens and do the same thing with them.
Track index well, you have to search by legal unless the recorders office also has a computer then you can search the name also.
It seems like every county recorders office is different, You need to go and become familiar with the recorders office and ask questions, and become familar with the paper work like extentions,extentions can extend the due date, change intrest rate, or extend the amount borrowed.
It seems like no two searches are alike. Some problems can arise like you can't find a deed, mabe do to a death, then you find the probate, and it depends on how far back you are searching mabe some deeds weren't recorded. There can be some set backs.
Excuse me for rambling on..... I think sometimes I could write half a book on this subject even if I'm not an expert.
Remember also to check the names like Bobby,check under Robert, Bob and ****Must Reach Senior Investor status before posting URL's***his should get you started.
Happy searching.