All Forum Posts by: Santosh Prabakar

I'm going to disclose to the buyer regarding a lien issue which might affect and delay the closing. Should this be done officially via T64? Can I instead notify the buyers agent via email and skip T64?

 Yes. My llc is named in the insurance.

I bought a fixer with cash in Texas with the goal of flipping it. I recently found the property has a title is not clean. I have the deed and title insurance so I think I'm good.

I'm exploring quiet title action. What is the process and timeline?

I bought a fixer with cash in Round Rock with the goal of flipping it. Due to market condition, I'm having difficulty selling it for a substantial profit and plan to rent it out until the market condition improves.

I would like to take the max cash out of the property. What are my options in Texas? The house is bought under my llc.

I'm under contract to sell my property. Buyer is employed overseas and using VA loan with 0 down. Buyer provided pre-approval from an reputed lender. My concern is regarding the employer who is not US based. Will this be an issue?

I'm under a contract to buy a fixer and the title company notified me the property has liens and the seller need to bring in additional funds around 20k to close it. The seller does not have the funds to cover the liens.

Seller and his agent is going to approach the bank to check if they will let the property sell it to me with the bank taking the 20k loss. The property I think is already under pre foreclosure.

Just looking for general recommendations from the BP community. What are the odds the bank will agree to the sale taking 20k discount. How common is this approach and will it be a lengthy process?

 If the seller has $20k in the bank there won't be any liens.