Natalie, Real Estate Pro in Chicago, IL

property lien search

Asked by Natalie, Chicago, IL Fri May 10, 2013

I'm interested in buying properties from the couthouse. An agent told me to do a lien search costs around $200 per property. Is this correct or is there a way to find out if there are liens on a property for free?

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Answers

7
Irina Karan’s answer
Hello Natalie,

One way to research is on the site of the county you are interested in.
However, it'll only show the public records - no open permits/building code violations search.
Plus, some law suits are pretty complex and you may not be able to correctly evaluate the potential
liability or risk, unless you are an attorney.
All in all - it's probably best to check out a few title companies that are headed by an attorney (very important) - to see who would agree to give you a little discount.
Each area is different, so it is best to use someone local - and rates may vary.

Thank you.

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
0 votes Thank Flag Link Wed Jul 24, 2013
You can look up the property for free at http://www.searchq.com
If you found a lien on the property, you can go to the assessor office to get detailed information or download a title search report at http://www.nextace.com
Web Reference: http://www.searchq.com
4 votes Thank Flag Link Thu Nov 6, 2014
You can download a title report for only $50 at http://www.nextace.com
Flag Thu Nov 6, 2014
Nothing good and valuable comes for free. Spend the money if you are a serious investor, get a good team, Realtor, Title Co, Real Estate Attorney, Insurance Broker, Contractors etc and do it right before you think you've got a "deal", only to be dealt a serious blow in the end. You can always got the court house everyday from it opens at 8AM to closing to research the files and public records.
Would you go to the doctor that treats you for free? Would you fly with the airline or pilot that takes you for free?
If you need anything further please feel free to call me during normal business hours at the contact info in our website link below. And please also send your email address and phone number, I'll be excited to help you with all your real estate needs and honored for the business opportunities.
3 votes Thank Flag Link Fri May 10, 2013
She is correct, the only way to know for sure is through a lien search. You are going to have to get in touch with a title agent and maybe they can work out a deal for you, that is what other investors do.
1 vote Thank Flag Link Fri May 10, 2013
Find a small Title Company in your area, develop a working relationship with them. My local company charges $85 for a complete search and can get me very good discounts on title insurance. Trust me, your time is worth more than the $85 you will pay for their expertise.
0 votes Thank Flag Link Wed May 29, 2013
Hello pfrigo I found your advice very sensible. Would you mind indicating some of the title companies you mentioned? I am a foreigner and would apreciate that indication. Thank you very much. zegoliveira1@gmail.com
Flag Tue May 27, 2014
$200 seems reasonable in order to prevent yourself from potential problems. You can research liens and citations yourself on the web however its always best to hire a professional.
0 votes Thank Flag Link Thu May 16, 2013
Hello Natalie,

Nothing is for free. Try to work with a "Title" Attorney.

Make sure you have an experienced team working for your best interests.

Feel free to contact me if you have any questions.

Regards,


Pablo Torres, MBA
AF Realty, LLC
786-205-6988
pabtorres@aol.com
http://www.miamibuyproperities.com
0 votes Thank Flag Link Fri May 10, 2013
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