If you are thinking about leasing property, due diligence would be to verify the property isn’t in foreclosure. It’s not possible to choose supervisor’s or the landowner’s word for this. Despite some variations in-laws and processes from one state to some other, the procedure for verifying that the property isn’t in foreclosure is exactly the same no matter where it’s found, in accordance with “Property Law: Rules, Policies, and Practices” by Joseph William Singer.
Visit the workplace of the register of deeds in the county where the home is situated.
Ask the employee on duty to let you analyze the title and the property file associated. The title can identify any liens and provides you with the name of the possessor. Lien-holders may have a taxing authority as well as a mortgage lender.
Support who owns the realty and create an inventory of entities or any people that preserve a lien on it.
Visit the clerk of the court, also in the county where the realty is situated.
Supply the employee on duty together with the title of the name as well as the landowner or names of any lien-holders. The courtroom clerk’s employees can verify whether any foreclosure proceeding is in procedure.