What's Your Due Dilligence?

Just curious, since I've been mostly winging it from info I've learned here... For those of you that do LOs, what steps to you take in doing your DD?

Comments(5)

  • crazyfnmama26th July, 2004

    Is there anybody out there?

  • miraclehomes26th July, 2004

    yes

  • nathanot26th July, 2004

    From what what I understand it's making sure everything is done right. At least thats what I think it means??

  • elliottdl26th July, 2004

    Doing your Due Diligence is nothing more than making sure that everything is as the seller says it is. For example you will want to check With the Mortgage company to see that payments are current or how much in arrears, payoff, etc. You will also want to Check to make sure there are no leins on the property and that taxes are current.

    Hope this helps,
    David

  • miraclehomes27th July, 2004

    Well said by last post. It is just fully investigating the property before you make your move, so that you have all of your ducks in a row.

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