Trying To Buy My First Foreclosure
I am trying to purchase my first foreclosure and have heard that buying straight from the owners is a bad idea because of Federal Liens. Is there a way to search for these liens because they do not come up on a basic title search.
One more thing, I live in Illinois and have already been to a couple of auctions. Can anyone give me a general range of what these properties go for as far as FMV? I have heard such figures as 70%, but would like to get any opinions from this forum.
Best hands on book on title searching and RE transactions.
http://www.thecreativeinvestor.com/residential/modules.php?op=modload&name=Forum&file=viewtopic&topic=47375&forum=18
Thanks for the education.