1. [Volume 1, Issue 5]
The
Beginner’s
Guide to Title
Searches
Contents
It is often recommended that you run a
Introduction ..……………………..1
title search on foreclosed homes for sale
during the process of inspecting and Title Searches…………......……..2
gathering information about the
property. Maybe no one has taken the Contact Info…………………………3
time to explain to you exactly what
“running a title search” means. This
process, while not absolutely necessary,
could save you from having to pay some
nasty surprise expenses.

2. 2
You might be thinking, “Why should I run a title search if it’s
not something I have to do. I don’t want to have to pay money
out my own pocket on something that isn’t necessary!” The
truth is, the cost of running a title search on real estate
foreclosures could pale in comparison to what you might pay
if you don’t. This guide will explain to you why running a title
search is important:
 Debts and liens: The previous homeowners of some
foreclosures for sale may have borrowed money against
their homes that they never paid back prior their houses
going into foreclosure. Buying foreclosed homes that do not
have clean titles may mean you’ll become responsible for
paying these. This is the first and foremost reason why it is
important to run a title search.
 Tax lien foreclosures: Tax lien foreclosures are
government foreclosed homes that went into foreclosure
when the homeowner failed to pay their real estate
property taxes. While government foreclosure listings are
plentiful, it is possible you could inherit the previous
owner’s tax debts. Make sure you inquire into this when
looking into tax lien foreclosure homes.
 Property assessments: If you are looking into buying
foreclosures as an investment, you probably plan to repair
What’s does that mean? and resell or rent out home foreclosures for a profit. It’s
possible that a federal survey placed restrictions on the
For more terms and definitions, house, such as for water usage or development, that could
check out ForeclosureDeals.com’s be a potential foil to any plans you may have.
glossary page:
http://www.foreclosuredeals.com/G
lossary.php

3. 3
Foreclosure Deals
Ideally you want a home with a clean title, but if a title
12550 Biscayne Blvd, Suite 306 search comes back with some debts or liens, that doesn’t
Miami, FL 33181
FAX: 1-347-402-6620 necessarily make it a lost cause. The cost of paying these
Contact@foreclosuredeals.com debts in addition to the house and any other expenses can
still be quite less than a similar home at market value. Take
If it’s not a deal, we won’t list it here!
this into consideration when you are calculating your
Find us on the Web: maximum offer on foreclosed homes.
http://www.ForeclosureDeals.com/
Want to know more about title searches? This blog entry
may give you a clearer understanding:
http://www.foreclosuredeals.com/what-is-a-title-
search.php