There is a reason you bought this particular home, risk and reward, you do not get the reward unless your title company has your back. It takes what it takes to sift through the mess. Do not, NOT take anyoneâ€™s word on this, read the title report with your Realtor, make sure you understand it.
we have put in a bid on a HUD home/property and it was accepted.
we received an executed contract.
now we are just waiting on the title & lien search to be completed & come back clear.
i just want an idea of how long this last part takes.
the wait is driving us crazy.
After the Contract is signed, it is sublitted to a TITLE COMPANY who is reponsible for doing a PRELIMINARY TITLE REPORT for you. This will show, the PLOT, OWNERSHIP, LIENS, ENCOMBERANCES, etc.
The Title Company will collect and disburse all monies and Documents, and maintain a 3rd party neutrality.
I think you may use Attorney's to do some or all of this.
Please talk to your Buyer's Agent.