zmacllc
Feb 26, 2014, 12:05 PM
I had a written contract to purchase a commercial building in Philadelphia, PA with an owner who swore that the title clean. Of course I used an attorney to do a title search but this was after the agreement was in place. Three days before closing it came back showing there were 14 liens on the property! Some were state and some were private liens. Had I known this before going into the agreement I would have delayed the process. But I wasn't sure if I could do a title search on someone else's commercial building before having a written contract. Of course the contract was voided after I learned about the liens and I didn't purchase the building.
Is it legal (in any state) for a private person (as in not using an attorney) to do a title search on a commercial property BEFORE any sales agreement is made? If so, how?
Is it legal (in any state) for a private person (as in not using an attorney) to do a title search on a commercial property BEFORE any sales agreement is made? If so, how?