How to find out if the property that I am going to buy has any taxes or bank mortgage on it

  • June 21 2014 - Otay Mesa West
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Answers (10)

Profile picture for aracz
Hi,

Looking at the title report from the title company is a good start.

Kind regards,

Arpad

 
  • February 03
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The local appraisal district or taxing authority has the current tax information.  However for the best service you should call a Realtor or the title company.
  • February 02
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These items will come out in a prelim title. Whatever the case, they'll need to be paid off through escrow before the property passes to you.
  • January 10
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Tax information can also be found at the county website. For example, for San Diego county you may go to http://www.sdtreastax.com/
Your Realtor can help you understand the different terms. 
  • June 23 2014
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Your agent can usually get a property profile report from a title company to see what liens there are against the property before you even write the offer. And if your offer is accepted, a prelim title (more detailed) will be done. 
  • June 21 2014
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Profile picture for JohnDeckREMAX
Most title companies will offer you a title exam option.  It usually ranges in cost (my area they run about $150), is something you could order on the property to learn all of the liens against it.  I do them on properties I am considering buying at tax sale, or if a property is being sold with a quit claim deed.  The reason for this is that type of Deed you receive on this kind of sale does not guarantee a clear title.  Technically, you can do the search yourself by going down to the County Courthouse in the county in which the property is located.  It is not an easy process, however, and I have trouble trusting my skills in that area enough to trust my findings. Most of the above is unnecessary if you are purchasing a home through normal means, because most contracts to purchase have clauses in place discussing how title is to be transferred and what kind of title insurance you will receive, and the title company will handle this for the transaction.  Also, most lenders will not loan money to a buyer if they do not have clear title to the property.  

  • June 21 2014
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Profile picture for Galen Kurth
order a title opinion before you purchase
  • June 21 2014
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Good Morning,
Yes, your agent/broker should be able to pull current taxes for you. The seller will need to pay off any taxes that are due and any current mortgages. In Otay Mesa West, there is also a chance of Mello Roos. I would be happy to break down the taxes for you on a particular property if you want to message me directly. Also, your title search will let you know what's currently on the property and title insurance will protect you against said liens.

Thanks!
Sinead McAllister
 
  • June 21 2014
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Hi there,

Your agent can tell you what the taxes are,  and in escrow, title will look for unpaid liens other than normal property taxes.  You'll also get a good idea of what your property taxes will be after you close. When you buy, the annual property taxes are normally prorated in escrow, so you shouldn't be responsible for what the seller owes before you close unless you agree to do so in the contract. Your agent can also usually tell you if there's a mortgage, and often a ball park figure of what's owed on it.

Let me know if I can answer any other questions you have.

Warm Regards,

Cory La Scala, REALTOR
Independence Realty
CalBRE Lic # 01443391
  • June 21 2014
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That is what Title insurance is for. No title co. will usually not insure a property with unpaid leans on them. Never buy a property with out doing a title search.
  • June 21 2014
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