Agent for buying at a Trustee Sale

Profile picture for letsgobowl
I'm looking to purchase a home in cash from a trustee sale, but don't know how to go about finding out if the property has liens or other loans besides the first mortgage.  Does anyone know a realtor who specializes in these types of sales?  Thanks!
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September 07 2009 - Huntington Beach
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Answers (6)

Profile picture for Cal Steve
WOW!  Everyone is missing the mark!  Upon transfer of title at a foreclosure/trustee sale....all junior liens are wiped out!  All you need to know is if the value of the home matches what you wish to pay for it.

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November 03 2010
Just with common sense, you can do it yourself, remember that if you hire a realtor in this case, you will be the only one to pay the realtor's dues, so if you hire one, make it on a flat fee basis for that job, not for a full commission, since there are no negotiations involved.
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October 12 2010
Profile picture for LB HB REALTOR
Agree with Michael on this one. I would also add that a IRS tax lien cannot easily be traced with a preliminary title report. Tread carefully
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October 11 2010
Title companies can be very helpful. You'll also want to go to the county recorder's office.
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September 16 2009
Profile picture for yeagersells
Just call a title representative and they'll be glad to help. They'll run a preliminary title report on the property.  If you dont have one in mind try Wes Stoner Laywers Title 714 588-2982. If you have any other questions feel free to contact me.
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September 08 2009
Profile picture for MikeEmery
A title company would be able to tell you whether or not there are outstanding liens against the property.

If you want, you can hire a Realtor to handle your end of the transaction, but the work of researching the title and any liens will fall to the title company.
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September 07 2009
 

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