In My Neighborhood in 94551>Question Details

Hunter Noble, Home Buyer in El Dorado Hills, CA

Can anyone tell me, in layman's terms, how to do research before going to auction. Does the average person have access to County records to find?

Asked by Hunter Noble, El Dorado Hills, CA Wed Oct 31, 2012

any liens and or structural history? Thanks

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7
Here's a good guide to get you started

It's the Forelosure Auction Guide by ForeclosureRadar.com
http://www.youtube.com/watch?v=1CanJbhGdJM

And while you're at it, check them out at http://www.youtube.com/watch?v=6nISiRNMIBo

Good luck!
1 vote Thank Flag Link Wed Oct 31, 2012
What kind of AUCTION did you have in mind;
The Auction that takes place "on the Courthouse steps"?
or an Auction, staged by a private company with "AUCTION" signs all over the place?

They are very different, but they have one thing in common;
Caviat Emptor!
1 vote Thank Flag Link Wed Oct 31, 2012
Thanks for all the quick responses. Do any of you realtors specialize in auction purchases and if so, what is the commission rate?
0 votes Thank Flag Link Wed Oct 31, 2012
Buyer beware! Layman should not be doing their own research and buying at the courthouse. It is a specialty that is high stakes. Connect with agents who work with a team at the courthouse. There are underlying inner-workings, motivations and pitfalls to understand. Everyone has access to the "public" records but purchasing in this way should be done with extreme caution.
0 votes Thank Flag Link Wed Oct 31, 2012
And while you're at it...you should know that many if not all of properties bought at auction may not qualify for title insurance. Check with your title company rep to make sure.
0 votes Thank Flag Link Wed Oct 31, 2012
Yes the average person has access to county records. Maybe you should hire a Realtor or someone that handles auction bids.
I would find out if the house is vacant or not and/ or if there is back taxes do.
0 votes Thank Flag Link Wed Oct 31, 2012
To answer your question, public records are that, public. The average person would need to know the parcel number and do research at the court house. It is very risky. There us no guarantee that there are liens on the house which are not recorded, clean title is best through a Title Research Company. Structural history is not recorded so the condition of the home isn't going to be easy to know without having an inspection.
Web Reference: http://www.terrivellios.com
0 votes Thank Flag Link Wed Oct 31, 2012
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