All Forum Posts by: Jack Schwartz

Hello Bruce,
Thank you so much for sharing your valuable experience! I completely agree with you - sometimes taking the quickest and simplest route is the best way to go, unless you're up for the long haul of the Quit claim or Title Certification process. Your insight is truly appreciated!

Warm regards, [Your Name]

Hello Don and Arthur,  

I recently had a deal fall through in Sullivan County; NY due to a challenging rule that many buyers are not aware of. Although it was a great deal, my attorney advised against closing without title insurance and a quit claim deed. 

After learning about the 2 options, "quiet title" action or "title certification" through Tax Title Services, 

I realized there are ways to ensure clear title. It may be time-consuming, but if you do your research and confirm there are no challenges, you can proceed confidently. Just make sure to dot your i's and cross your t's to avoid any future issues.

Best, Jacob

I understand your perspective. However, I am curious to know your reasoning behind considering bidding on a property that requires extensive rehabilitation, including demolition. The costs involved in renovating a distressed property to the same standard as constructing a new home on an empty lot may ultimately amount to a similar total investment. Would you agree with this assessment?

Hello BiggerPockets members,

I recently received an email from my attorney regarding a real estate deal. I am curious to learn more about the situation and see if there are any possible solutions. I am wondering if anyone else would continue with the deal knowing this information. Below is a summary of the email I received:

"Hello Mr. ---,

Upon review, I have discovered that the seller obtained title to the property through a municipal tax sale less than two years ago. To ensure that the title is insurable, the seller will need to take necessary actions, at their own expense, to deliver insurable title. This may involve initiating a foreclosure action."

I appreciate any insights or advice if / or on how to proceed.

Thank you.

Forming a Homeowners Association is a good idea, but can a HOA legally enforce rules and regulations on neighbors who do not comply? Are HOAs legally binding entities that can involve building code enforcers or inspectors in issuing summonses to non-compliant neighbors?"

In the tranquil landscape of Upstate NY, the quiet allure of vacant land listings may sometimes go unnoticed due to apprehensions surrounding profitability and the considerable investment required to prepare the land for development. From surveying and planning to obtaining permits and architectural design, the journey to make the land shovel-ready demands time and energy. 

However, the proximity to upscale gated developments presents a delightful opportunity to enhance the value of the land. 

Share your insights on how these factors influence investment decisions in Upstate NY Real Estate.

In the tranquil landscape of Upstate NY, the quiet allure of vacant land listings may sometimes go unnoticed due to apprehensions surrounding profitability and the considerable investment required to prepare the land for development. From surveying and planning to obtaining permits and architectural design, the journey to make the land shovel-ready demands time and energy. 

However, the proximity to upscale gated developments presents a delightful opportunity to enhance the value of the land. 

We invite you to share your insights on how these factors influence investment decisions. Take part in the engaging discussion on Upstate NY Real Estate.

There are several factors that could contribute to the lack of attention given to listings for vacant land. One of these factors may be the concern that investing in improving the land to a shovel-ready state may not yield a considerable profit. Despite investing in surveys, planning, engineering, obtaining permits, etc., there is still the possibility that the land may not sell for a substantial profit.

Additionally, the investment required in improving the land also involves time and energy. Therefore, buyers must also consider their time investment when assessing the worthiness of the property.

What is your opinion on the matter?