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  #21  
Old 03/11/08, 01:50 PM
TexasArtist's Avatar  
Join Date: May 2003
Posts: 2,693
Quote:
Originally Posted by Wolf mom View Post
Doesn't matter if there are liens - they'll be paid off at closing.
then how come everybody always says backaway if there are any leins on the place?
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  #22  
Old 03/11/08, 01:53 PM
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Quote:
Originally Posted by Rocky Fields View Post
another PS: Check out the neighbors, so you don't get stung.
How would I do that? I know about getting stung this place here is one major pain since moving onto it. The lady next store has a so in law that is a known drug grower/dealer and the sheriff babysits him. Really though how do you check on neighbors? If you go to the sheriff and he's their buddy or relitive......then what
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  #23  
Old 03/11/08, 02:40 PM
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Join Date: Sep 2005
Location: Ohio
Posts: 19,350
You check liens to see if there are any besides the mortgage. Guy down the road has a lien against his house for $37,000 from back child support.

How can you check on the neighbors? Do a search on the property through the county auditor's office. Check the public records (court records) using the listed name of the property owner. Do the same on the neighboring properties. If the owner listed has a different address than the property in question, it means the owner does not live there. Could be a rental, could be a second home. Most rental owners are listed as having several properties if you do an auditors search using the owners name. The auditors office will also have the current and previous property tax info and a valuation of the property. Start there (the auditor) and you will find the answers to many of your questions.
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  #24  
Old 03/11/08, 08:11 PM
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Join Date: Jan 2007
Location: Wisconsin
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TA,

Try to go over and talk to all the neighbors. Tell them you're looking at property x for sale and want to know what they can tell you about it and the people living there. Gives you a chance to eye over the neighbors and their property too. Odds are you'll find one that doesn't know when to shut up and they'll tell you all you want to hear about the neighborhood and then some...

RF
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  #25  
Old 03/12/08, 09:25 AM
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Join Date: Mar 2006
Location: Union Co ,Florida
Posts: 1,049
Go to the Sheriff's Office and ask for a record of any calls to this address. We once were going to buy a house that a 12 y/o girl had lived in when she was abducted and killed. I was 12 at that time and my parents wisely declined to buy the house. The murder had never been solved. Who knows if the killer still lived next door? Also if there are thieves in the area, you will know to nail everything down. Not only inspect the water, but have it sent off for testing. Lead, and other contaminants are not visible. If the well head floods, you may have ground water contamination. All existing structures can later show damage, it is buyer beware. Why are the owners selling?
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  #26  
Old 03/12/08, 09:29 AM
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Join Date: Aug 2004
Location: NC Arkansas
Posts: 5,327
Lots of good advice already given! It's hard to think of everything, isn't it?

The absolute BEST time to view a property is in the pouring rain. Yep! When it's pouring down, you'll notice all kinds of things about the lay of the land that you'd never notice otherwise. (It's also a good time for a walk-through of the house.)
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  #27  
Old 03/12/08, 10:33 AM
 
Join Date: Dec 2004
Location: Kentucky
Posts: 1,012
One thing I didn't see listed and I may get laughed at here but it IS a legit question. Is the place haunted? You can actually ask that question. The realtor doesn't have to say on the listing that its haunted, but they do have to answer the question if asked. Of course they could lie I suppose.
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  #28  
Old 03/12/08, 11:31 AM
 
Join Date: Mar 2005
Location: Bartow County, GA
Posts: 6,780
A mortgage is a lien.

Most properties have mortgages. Some have 2nd. mortgages also and, like Danaus29 said, liens can be placed on properties for other reasons - builders liens comes to mind.

When you buy a property, you will most likely get a mortgage. At closing, the title company (or whatever entity is used in your state) will call for payoffs on all liens against your "new" property. At that tme, whatever needs to be paid will be done so from your new mortgage and the sellers equity if necessary. Your property is the security for your new mortgage.

What you'd need to be aware of is if the liens exceed the sale price and the seler doesn't have funds to cover them. This is why you need a seasoned realtor. To explain things that people tell you that aren't true.
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  #29  
Old 03/12/08, 01:01 PM
 
Join Date: Mar 2006
Location: Florida
Posts: 182
Is it haunted?
It sounds funny but someone told me there are states (NY maybe?) where a realtor must disclose paranormal activity.
DH would just love to live in a place w/ a ghost, but as far as I'm concerned, take your creepy crawlers w/ you!
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