All Forum Posts by: STEPHEN YUAN

I am messaging you. 

My friend is a first time home shopper looking to buy a house around Bellevue area. Can anyone recommends a good/seasoned agent for that area? She's looking for her primary. 

My friend isn't U.S. citizen, but I don't think that's a problem as a buyer right?

Also, any recommendation for a mortgage broker?

 Sue, 

You just saved my brain. Thank you! Law books/contract is something I don't enjoy reading.

@Wayne Brooks I see. Thank you! I will do a title search. He can't have a lien on the property once the QCD/transfer was recorded at the county though, right?

@Wayne Brooks　What do you mean by putting a lien on the property? Do u mean he might do that so he can get the property back? 

Thanks! I took a real estate broker exam before and I don't remember anything like that either. 

Yes it's recorded at the County.

If by payment u mean the mortgage payment then this property was never a good investment. Sell it and restart by using BP's calculator to make sure u have enough safety and profit in the next deal. 

If by payment, u mean the total amount you have to pay each month, then it's still a bad deal. Still need to do what I suggested for the first scenario. 

I purchased 50% ownership of a property in Georgia. My property was quitclaim to me by the previous investor. If want to sell the property, would I get into any problems with the title insurance company such as them requiring an affidavit from the previous investor or requiring another notarization by a title insurance company appointed notary?

Also, my partner said the title insurance is on the Quitclaim. What does he mean? I have never heard of that before in California. He just told me title transfer is done by a lawyer in Georgia instead of an escrow company. Can someone verify that? 

I heard from my housemate's mom saying that California's law requires the renter and the land lord to sign two copies of the lease agreement, one for the renter and the other for the landlord, otherwise the agreement is voided. 

Is that true? I've never heard of that before and I don't think that's true.