I have been investigating the foreclosures in my area. There are tons of them.
My question is - is it possible for a lien to be hiding in the background even though a title search has been done and comes back clean?
Example - a property is just starting the foreclosure process. I offer the owner a fair price and they accept it all before the bank can foreclose. My offer is “subject to” a good inspection and clear title. Everything comes back fine. The title is clear on the 1st of the month but I will not close on it for 2 weeks.
Is it possible that during that “between time” a lien could pop-up or be placed?
If so, how do you protect yourself exactly?
Thanks in advance,