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Updated about 8 years ago on . Most recent reply

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Josue Colunga
  • Dallas, TX
5
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12
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Buying a house with a SWD offered

Josue Colunga
  • Dallas, TX
Posted
Hello everyone! I am very excited and passionate about real estate. I currently own two properties which I have been renting out for some time and I want to keep getting more properties so that I can keep doing BRRR method but I came across a house that its buyer offers a special warranty deed instead of a general one as all of you may know what each offers and everything else about them. My question is what advice do you guys give me? Should I make the purchase even though they give me only a SWD? Thank you, Josue

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

It's typical with REO's, and is no issue as long as you get title insurance....but check the BSection Exclusions in your title committment for things they may not have researched...unrecorded code violations, utility liens, etc.

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