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Updated almost 2 years ago on . Most recent reply

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Mike Schorah
  • Rental Property Investor
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Is it true that 50% of investor deals have problems?

Mike Schorah
  • Rental Property Investor
Posted

What are the most common title work problems you see as an investor?

I apologize if this question offends someone or if they take “50%” meaning to be an exact number. A real estate attorney told me 50%. So maybe it’s less than 50%. Maybe it’s more than 50%. I noticed a lot of people on this forum take what you say literally and word for word.

What are the most common title work problems you see as an investor?

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied
Quote from @Peter Walther:

In my experience, some investors tend to hunt down properties with obvious physical problem, i.e. tarps on roofs, overgrown lawns, broken windows etc.  It stands to reason that properties with such problems have a higher probability of title problems, improperly executed deeds, code violations, unpaid judgments and liens that have attached to the property, unpaid utility bills, etc that may effect title.  That may explain why an attorney who works with a lot of investors in those types of properties might have that opinion.

biggest title issue we see is  break in the chain  no divorce ever filed  deed to 7 relatives whom 3 are dead that type of thing.  Liens and such are just money problems.. but actual title defects can create zombie properties.

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JLH Capital Partners

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