Title Search Help
I want to buy a property at sheriff sale tommorrow and i got the title search back to me today. I got one for the home and also the homeowner. It is 14 pages long does anyone know what to look for and what to look over. The home is in New Jersey.
You are looking for all liens senior to the one you are bidding on (including any property taxes & penalties). You will want to make sure your top bid figure takes in to account all of the costs & penaties associated with the senior liens, because you are responsible for them as the winning bidder.
Make sure the report contains both voluntary (mortgages) & involuntary liens (judgments, IRS, State Liens etc)
Good Luck