Two questions. 1. After my last resale, I’ve been looking for another property at auction and I would prefer to deal with a vacant house. I understand I may have to deal with a smaller profit margin, but are there even possible deals like this anymore? On all the possible deals I’ve found, I see that they are obviously occupied when I drive by. I was thinking that the market may be changing from having vacant houses (people advising occupants to hold out for cash4keys, stay longer, etc.) and I have no choice but to buy one occupied. What do you think?
- It seems agreed upon that title research, whether done through foreclosure radar and/or a title company can be very accurate. But are there any estimates on what are the chances of an error being made? It seems going to the county recorders office is not a very time-effective strategy, at least in my market, and even if you do, there is still a chance an error is made. One of the staff at the county recorder said that any item that is recorded can take an average of about two weeks to show up in their system. Is there another method that makes it possible to see whether an IRS lien was recently recorded? Sorry about my #2 turning into two questions.