2007-08-02 07:43:32 · 8 answers · asked by olga c 1 in Business & Finance ➔ Renting & Real Estate
Your settlement attorney and/or title company will do a title search to tell you that. Buying title insurance will further protect you. You are doing all that, right?
2007-08-02 07:51:04 · answer #1 · answered by Keep On Trucking 4 · 0⤊ 1⤋
Why do you care if it's a foreclosure house or not? Are you afraid that buying a house that was previously seized by a bank somehow makes you a vulture?
What you DO need, is Title Insurance, so if it turns out there's a problem with getting a clear title, YOU won't be on the hook for the cost of a house you suddenly don't own. All reputable lenders will demand Title Insurance as part of the loan.
2007-08-02 07:52:06 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You should use a real estate agent. they will help you.
At the closing, the seller will have to pay off all the debts associated with the house. So I can no longer be in foreclosure. Also, they will have to pay the taxes. The lawyers and the agents at the closing have a whole checklist of things to do, including taxes, making sure there are no forecloseure proceedings, etc.
2007-08-02 07:47:15 · answer #3 · answered by hottotrot1_usa 7 · 0⤊ 0⤋
You won't know if it has gone to foreclosure until you get to the table to close, unless the owners will disclose that. Disclosure laws very, but check with your state on that one.
Talk with the agent representing the seller and ask the question point blank.
To find out if the tax payments are current, which is public record, go to your Commissioner of the Revenues office or treasurer's office.
2007-08-02 07:50:41 · answer #4 · answered by bells2599 2 · 0⤊ 1⤋
Run a title search (and do NOT buy a house without title insurance). The search will show you all of the liens.
Use a large title company (like Chicago Title), and it will be more accurate.
2007-08-02 07:47:12 · answer #5 · answered by Buffy Summers 6 · 0⤊ 0⤋
you have to ask the-owner of such property or the estate agent in charge to show you evidence of all taxes paid which can be confirmed with the appropriate authorities.also if the property is on a mortgaged this can also-be confirmed with the mortgaged institution involved.
2007-08-02 08:27:19 · answer #6 · answered by helen e 1 · 0⤊ 0⤋
the county tax assessor should be able to verify the county tax , school taxes thru the school district and check thru county clerk for existing lein, if still not sure purchase the title insurance . . .
2007-08-02 08:09:15 · answer #7 · answered by Rainy 5 · 0⤊ 0⤋
You need to go to a title search company and have them check for you. It is worth the cost.
2007-08-02 07:49:07 · answer #8 · answered by Anonymous · 0⤊ 1⤋