Sean, I’ve read through this forum but I am still confused about title issue. If you buy at auction, how do you get title insurance afterwards? and at one point, you stated the deed needs to be recorded within 15 days, in order to protect title ---- can you clarify? Also, if I am planning to buy 1 property through auction just for a long-term rental, if I can’t get title insurance after the sale – will it matter, as long as I get my own renters on the property. Will it be harder to sale say in 5 years because of this?
I know you have suggested running a prelim title search prior to bidding, but that gets very expensive if the property that you have researched on has a high opening bid or some other party wins . I don’t mind doing the research at the county but does that mean if I don’t run a prelim title search before I win the property at the trustee sale, I can’t get title insurance?