user91043913's Advice

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user91043913 wrote:

looking into buying a property

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Hello,If you want to, you can do some of this due diligence research yourself. I do not want to make you any more confused, however I agree with Mark that when you buy in London you get a free and clear title. You can take help of reliable real estate firm to solve any queries related to property concern.  One of my friend also face this issue, but Plaza estate firm help him to clear all the issues related to property concern and now he also suggest me to take their services buy London Properties. A generic title search does NOT cover everything. It does not check for outstanding Code Enforcement Actions, Tangible Personal Property Taxes Due, Zoning & Building Violation matters, Open Permits, etc.If not title insurance will take care of any issues, I have closed on properties with issues and the title insurance picked up the cost, from HOA liens to county liens. Most registry of deeds are automated these days and have public websites that you can use to find copies of the existing deed, mortgage, tax liens and many other public documents.    There are various things that only someone competent will suggest  for example a Municipal Lien Search which covers: outstanding code actions not filed in the real property records, open and potentially damaging, building permits, tangible personal property taxes and any utilities due (such as sewer, water or electricity) that could attach to your propertyIf you are buying a foreclosure or short sale and using the sellers title company or a listing agents "affiliated" title company, there will probably be exceptions to the policy.  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-style-parent:""; line-height:115%; font-size:11.0pt; font-family:"Calibri","sans-serif";}
September 17 2012
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