All Forum Posts by: Brittany P.

Awesome--super helpful. I know Protitle will link you up with insurers following title search; if their search shows the property is free/clear, any reason their partner insurers wouldn't set you up with a policy based on their search/report, even if it is CFD?

Thanks, Chris.  On that note, if I'm purchasing contract for deed on Paperstac, how are transfer taxes handled?  Should I negotiate that into the deal during negotiations?  Are those typically the buyer's responsibility like recordation?  Do most title agents handle contract for deed like a standard closing?

I've used Protitle before because they're nationwide and pretty convenient; does anyone know if they'll handle "closing" and insurance for a CFD deal on Paperstac?

Interesting.  Thanks!

I'm going to see how much advice I can glean from you all before you get sick of me.  Two more questions for you regarding the Paperstac process.  Let's say I've received collateral package and money has been wired to seller:

1. Is this the point at which I try to lock in title insurance?  Once I have the docs, including title/deed in hand?

2. I assume recordation is solely my responsibility as the purchaser?

Thanks!

Really helpful!

Hey, experts, just a couple more questions:

1. Is the sales agreement in Paperstac based on a standard Paperstac template?  If so, do you all still have a lawyer review it for each of your Paperstac transactions, or do you trust their templates to be appropriately state-specific?

2. If the cut-off date is past the date that the next payment is scheduled, does the buyer still receive the full UPB for the loan? The notes in Paperstac say that the cut-off date is the last day by which the buyer is still entitled to the specified UPB. Does this mean that if another payment takes place during negotiations/closing, the seller is required to pass that payment on to the buyer?

Thanks for all the help on this!

Thank you both.  Really helpful.  That "middle" phase would be great.  I get that we all want to close these deals ASAP, but a little leeway for diligence in the interim would be great.

Questions for all you seasoned note investors: does Paperstac's built-in auditing services furnish a title report?

If not, what are we getting out of the auditing services on their platform?  I'm just trying to figure out what part of due diligence I should be handling myself versus what is covered in their $500 escrow/auditing fee.

Also, are you Paperstac experts completing due diligence before signing the sales agreement, or just before you wire money?  Does the sales agreement allow for the buyer to cancel the whole action before the escrow process if due diligence turns up an incurable defect?  Just trying to determine the best time to sign if I'm going to sign.  Thanks!

My husband and I just started our investment company this year and are looking to move into the creative finance space. We're looking for a lawyer/legal team in the DMV with subto experience. Bonus points for folks with experience drafting private money/hard money contracts. Thanks in advance!

My wife and I just started our investment company this year and are looking to move into the creative finance space.  We're looking for a lawyer/legal team in the DMV with subto experience.  Bonus points for folks with experience drafting private money/hard money contracts.  Thanks in advance!