A lot of my investor clients are stepping up the Courthouse Steps and starting to bid at the Auctions. Without an Agency Agreement I can't advise them on their actions or help them through the Auction purchase process but I do let them know that they are competing against very seasoned investors who are well versed in the pitfalls.
I recently received a short video from Shawn Harris at Stewart Title which gives an overview of some of the Title disasters that can go with a Foreclosure Auction.
go to www.youtube.com/shawnharristitle to find her "Risk to Investors on Courthouse Steps" video
I highly recommend you check out this 7 minute video if you want to know more about Liens, Title Insurance, Property Taxes. HOA issues, and Title Binders for a property that you buy on the Courthouse Steps.
She has several other Title related videos that may be helpful. Information overload is driving me crazy so I only pass on the very best and pertinent items I find. Hope you get something out of this one.
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