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All Forum Posts by: Jon Shen

Jon Shen has started 3 posts and replied 4 times.

Hello BP community. My title company misspelled the name of the seller on the deed which is causing it to be held up with the recorder's office. Not using real names, but as an example, the name of the seller is in the form of "XJZ Property Trust". The title company mistakenly entered the seller as "XLZ Property Trust", the difference really is one letter that should read J but instead reads L. I have been trying to get the title company to correct this and just keep getting the run-around from them with the same responses (if they even respond to me at all)..."we're sending someone tomorrow", etc, etc.  I called the recorder's office and they tell me only the title company can fix this. It's been almost 3 years, and I cannot find any information for this situation. Has anyone else experienced something like this? Do I need to get an attorney involved? The property is located in Lake County, Indiana.  Any help would be much appreciated.

Post: Merrillville - Village Rental License?

Jon ShenPosted
  • Los Angeles, CA
  • Posts 4
  • Votes 0

Many thanks, Alan.

Post: Merrillville - Village Rental License?

Jon ShenPosted
  • Los Angeles, CA
  • Posts 4
  • Votes 0

Hi BP. I purchased a townhouse in Merrillville, IN a few months ago. The HOA is now asking me for my "Village Rental License" - does anyone know what this is? I have a call into the HOA, but thought I would ask the BP community too as this is usually where I start my search for any real estate info. I tried googling and couldn't find anything. Thanks!

Post: Purchasing with existing late-pay tenants

Jon ShenPosted
  • Los Angeles, CA
  • Posts 4
  • Votes 0

Hello All - First time posting, been listening to the podcasts and reading the forums religiously since the beginning of the year. I am considering buying my first out of state rental property in Indiana with existing tenants. Aside from the first month, the existing tenant has made payment 15-30 days late every month. I see late fees being charged only twice, but were both paid. The existing lease is set to expire in 2 months on 8/31/19. I don't think this is a cause for me to back out since the lease expires in only 2 months and I can re-evaluate this tenant at that time, but wanted to get some opinions from the BP community. Am I just being a nervous newbie investor? Many thanks.