All Forum Posts by: Deidre Egipciaco

Thank you Buddy for making me feel welcome in this forum.

Tom, you have my contact information should you need it.

I am not sure if you have already closed on this transaction but here is my take as I am a Closer for a Title company in Orlando.

I agree with everyone's comments. Definitely make sure that it's going through a Title Company to ensure you receive your Owners Policy. I do have to say that even with the mortgage being an exception to the policy that the language on the mortgage does not contain an acceleration clause in case of transfer. I see it too often these days where title is not conveyed properly and I have to search out the original note holders to fix issues or even obtain pay off information in the case of a resale.

Just my personal experiences resolving these issues for others. As far as fees - you are probably paying for both sides since this is a distress sale. It takes time and effort to ensure title is transferred properly, if you were to go to an attorney they would quote you almost double.

Whatever you do please don't just take title via a quit claim deed.

I am new here not sure if my contact information is visible.

email me at [email protected] and I will respond promptly.

Just out of curiosity, has any of you considered commercial? The best deals are not in the market, that's the hard part, you have to find the motivation to look for who has those kinds of closed listings. Some of those properties just needs some TLC, but the income potential can be impressive.

I would be more than happy to assist if you don't have anyone yet. Only Way Realty Kissimmee.

I am not a landlord, but I specialize in commercial and dealing with investors, finding them the right property to meet their needs or the marketing to liquidate them.

Not in your market, but my opinion would be to interview different agents like myself, that specialize in acquiring a Brokerage Firm in your area that will meet your needs.

Here in Florida, I would tell my investors to make sure you have a diverse portfolio, residential and commercial.

I know I am not much help since I am in Florida, but maybe I gave you a new way of going about it.