Doing your Due Diligence is nothing more than making sure that everything is as the seller says it is. For example you will want to check With the Mortgage company to see that payments are current or how much in arrears, payoff, etc. You will also want to Check to make sure there are no leins on the property and that taxes are current.
Comments(0)
Is there anybody out there?
yes
From what what I understand it's making sure everything is done right. At least thats what I think it means??
Doing your Due Diligence is nothing more than making sure that everything is as the seller says it is. For example you will want to check With the Mortgage company to see that payments are current or how much in arrears, payoff, etc. You will also want to Check to make sure there are no leins on the property and that taxes are current.
Hope this helps,
David
Well said by last post. It is just fully investigating the property before you make your move, so that you have all of your ducks in a row.