I am trying to purchase a home in a specific neighborhood that I would otherwise never be able to afford. I don’t mind leg work and my risk tolerance is high since I don’t have much to lose.
- If I go to the Clerk Recorder’s office, pull up all records for the owner and joint owner, and make sense of them, what would a title company be able to do that I haven’t already done? Would an IRS lien/court judgment be among my records? What other places and what other documents would I need to look at?
- There’s always talk of paying everything in cash upfront at auctions. What’s wrong with the idea that I come with a cashier’s check on auction day and finance the remaining balance of my auctioned home with a preapproved home loan? I read somewhere on your site that no title company will insure a home with an IRS lien and without title insurance, forget about securing a loan. But what if the home does not have an IRS lien? Will I be in the clear to get a loan?
Thank you so much for this site.