Quote:
Originally Posted by merc lover
The nice thing about using a title company is they will perform an EXHAUSTIVE title search to see if there are any liens or levies against the title. At closing, they make D*MN sure the liens and levies are paid off so that you receive a CLEAR TITLE (which, I assume, you want). That said, see my post #7 above. Take your time to carefully interview the title closing company because they are the people that make this deal work (or in my case, it did not work out so well which is why I had to seek out a SECOND title company who actually knew what they were doing and took care of the problem the first title company had created).
The title company can also arrange for the purchase of title insurance that covers you, the buyer.
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The last few loans through a bank had around $1500. in loan and closing cost fees. Cheap insurance against past due mechanic liens, delinquent taxes, and some even have coverage if recent improvement in the area will effect next years taxes. Also keeping a loan on any property right now is not a bad idea. I don't see inflation going anywhere but up, means paying the loan back (actually buying) with cheaper dollars.