Fast closing on a for sale by owner

[Allen Lopez]

So there is a property that is for sale by owner. It’s a really really good investment and one could say “it’s too good to be true”. Because of its great condition and price, I wanted to do a fast closing (ASAP). I wanted to buy the property as is. I would be paying cash so there shouldn’t be any delays on my part.

1. What is the fastest closing a tittle company can do.

2. Does it matter if the seller has a loan on the property? What if she owes more than the property is selling for. Am I going to be responsible for the rest?

3. I have bought one property for sale by owner and didn’t have any issues. Any legal issues that I need to be careful with?

4. Of course I will get tittle insurance. Is there any other heads up anyone can give me?

Thank you!!!