Posted by John J on April 17, 1999 at 24:22:07:
The $300 propbably is for a title insurance policy. You can ask a title company to do a Preliminary Report. They might charge about $40 for it. It will show all the liens against the property. Then you can sit down with them and discuss how to clear them. I have paid for title insurance myself for a house I bought at a trustee sale. Some people will just ask the title company if they are willing to insure the property;if they are willing, then that is good enough for the investor. I like to have the insurance.