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Clear title when buying a bank owned property?

I read that when a bank buys back foreclosed property at an auction, it will then proceed to clear the liens, back taxes, etc. so that it can resell it with a clean title. If that is true, then do you need to perform a title search when buying a bank owned property? Oh, I am paying cash for the property - no mortgage.

Public Comments

1. it doesnt hurt to serach...peace of mind
2. Always do a title search and get title insurance. If you take out a mortgage to buy the property, you will need to do both anyway. There is always a chance the banks title search could miss something.
3. For your protection and because your lender will not fund a new loan without it.
4. You should always have a title search done, as well as you should purchase title insurance, in the event that something unforeseen arises down the road. The few hundred dollars you spend will be WELL worth your peace of mind.