There are many real estate information service website such as http://www.searchq.com or http://www.nextace.com can help you to get liens, judgment, property tax and ownership information quickly by the home address. But in the end, you have to contact County Assessor for the possible liens that might filled a day before.
If so then these documents will both be notarized and your DOT will be a recorded document....
If your investor doesn't make timely repayments you have the right to foreclose..
And it's still a good idea to check credit, just ask your investor to supply you a full credit report, and ask for proof of assets for collateral purposes, and lastly inquire about the capacity to repay the loan, will it tied to employment, or unloading the subject property?
And how much $$ are we talking about?
Feel free to contact me directly if you'd like more details....
The timing is definitely right to invest in real estate, but you want to protect yourself so you actually reap the rewards that you'll be entitled to!
Best of luck, Jeff M
Have you thought about investing the money into your own projects? If you would like to privately discuss your goals and see what options you have feel free to use eddie@Bhrparkplace.com or 530 320 3032.
I'm grateful for the info regarding getting the investor to fill out a loan application, which will provide me/the broker with authorization to run a check, but I'd still like to understand if I'm able to do any of this via any local or nationwide websites?
Thanks for your time.
If the borrower won't fill out a loan application that would be a BIG red flag, you should also inspect the property, and maybe require an appraisal (you wouldn't want to loan 300K on a 100K house)
You may also want to contact a loan service that can handle collecting payments, monitor tax payments and so forth for you.
why you have engaged their services.
You cannot legally check somebody's credit without authorization and
of course need access to a credit reporting agency.
Not all counties have an easy system for the public to access information,
Sacramento is fairly easy, and you do need thorough information on the
individual inlcuding full name and aka's.