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post #1 of 17 (permalink) Old 03-08-2015, 07:50 AM Thread Starter
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Camp purchase

I am purchasing a camp and am trying to keep my closing cost down.
I see online there are sites that will do title searches. Anyone ever use them?

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post #2 of 17 (permalink) Old 03-08-2015, 11:12 AM
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Re: Camp purchase

I've always used a local abstract company unless I had reason to believe I wanted specific legal help where the abstract activity would be handled by the lawyer I hired.

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post #3 of 17 (permalink) Old 03-08-2015, 11:50 AM
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Re: Camp purchase

I would not skimp on the title search. I was going to buy a property once for 150K and it had 180K on liens against it.
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post #4 of 17 (permalink) Old 03-08-2015, 12:21 PM
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Re: Camp purchase

A title search for the obvious issues is something that can be done by anyone but it can take several hours to do it thoroughly.

I've done my own but i'd still recommend hiring the professionals

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post #5 of 17 (permalink) Old 03-08-2015, 12:48 PM
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Re: Camp purchase

An Abstract company will research property back as far as it can, 100years or more maybe. Not only liens but lumber contracts mineral rights, right of ways etc. Well worth the several hundred dollars and if they miss something then I believe it is on them to make it right if there is a claim made

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post #6 of 17 (permalink) Old 03-08-2015, 12:50 PM
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Re: Camp purchase

Piece of mind for a piece of land....to me, it's worth the cost knowing you could be free and clear in the end. Good luck

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post #7 of 17 (permalink) Old 03-08-2015, 01:17 PM Thread Starter
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Re: Camp purchase

I have a copy of the deed. I am the second owner as the subdivision occurred in 1990. Gas and oil are reserved. Right a ways are granted for the road. Timber contract expired in 1994 Its fairly cut and dry. So my main concern would be taxes and liens which I had researched before myself on a neighbor property going into foreclosure. Am I missing something? I really don't see spending $600

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post #8 of 17 (permalink) Old 03-08-2015, 01:41 PM
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Re: Camp purchase

Then if you know the history and trust the current owner, you should be ok.
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post #9 of 17 (permalink) Old 03-08-2015, 02:13 PM
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Re: Camp purchase

I would spend the money. Too much risk to me not to do it.

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post #10 of 17 (permalink) Old 03-08-2015, 02:56 PM
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Re: Camp purchase

Same here , spend the $600 for an attorney..
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