All Forum Posts by: Chabane Maidi

Universities across America are online-only right now, as well as for the summer. What if they stay online-only in the fall?

There are many college towns whose economies and rental markets depend heavily on students being in town, to the point where the vast majority of leases are August to August or July to July. What do you predict will happen to those economies and markets if a gigantic fraction (some cities are 1/3 or more) of the population (i.e. students) stay out of town?

To back up further, how likely do you think it will be that universities stay online-only in the fall? 

I'm in the process of registering for an upcoming sheriff sale, and have the choice to register as an individual or with my business LLC.

I'd rather register as an individual, but I've noticed that all of the recent auction sales in this county have gone to LLC third parties. Is there a reason why I should register as my LLC?

1) To avoid supplying the sheriff's office my social security number?

2) To avoid some kind of liability for unforeseen issues with the property?

3) To protect my identity on public record from disgruntled homeowners or other unsavory eyes?

Is there something I'm missing?

I found where you can pay $14 on the Indianapolis web portal to download real estate lists for this month's sheriff sale, but I was wondering if a list of the properties can be found on any other resource. Even if that resource requires a paid membership, it's not much different than paying $14 per month just to see the Marion County list, and an additional $12 to see the sale results. 

It seems that many or even most of the other counties in the state have the lists posted for free online, including details of plaintiff, judgment, past results, etc.

Any tips? Thanks. 

@Alex G. good info. Are there other types of liens that don't get extinguished from a foreclosure?

I asked Auction.com, and they were firm that hefty title problems is not a reason they would drop the $2500 registration hold.

Maybe I'll create a separate thread to ask, but is there a way to predict what the title company will list as exceptions when you opt for title insurance?

I forgot to mention that the listing is for a bank-owned property that has already been foreclosed, if that makes a difference.

Hi, I'm looking to bid on an auction on Auction.com, but I am a bit confused about the title.

Looking at the title provided on the auction.com listing, performed by TITLE365, in the "Judgment and Lien Information" section, there are a bunch of bullets described as "judgment of record" including: from 2010, a management company amount of a few thousand dollars; from 2010 an apartment management company with an amount of a few thousand dollars;  2011 bank, amount of a couple thousand; and a few other multiple thousand dollars records over the years, including a doctor's office and state revenue collection dept.

On top of this, in the comments it states that multiple bankruptcies were found against names that are at least "similar" to those in the title search, but they didn't have the necessary information to confirm if the bankruptcies actually affect the parties in the report.

On the auction.com listing, like with other listings, the FAQ on the bottom of the page says the property will "not necessarily" be "free and clear of all liens".

However, the listing also says that a Special Warranty Deed is available if I get title insurance. I was planning to do so. If I get title insurance, opting for the warranty deed, will this clear all the liens and encumbrances off the title? If the title insurance says there are exceptions to what is covered, which would make me responsible for the stack of judgments against the former owner, then can I back out and not lose my deposit?

I feel very upside down about all this info and don't want to be caught off-guard. 

@Vic Lopez

Oh, I figured that you had a system of allowing prospective tenants since you wrote "if you decline the tenant they are able to reuse that same report with another landlord."

I'd still like to ask the thorough set of questions, just not charge for the reports if they recently did one. I understand they may forge a report from a friend, but couldn't they do that on your Cozy application too?

Thanks for the reply. 

@Victor

Using Cozy, can you require background check and credit check in the application, but allow them to supply it themselves if they already got one done recently? Any suggestions? Thanks!