All Forum Posts by: Sue Orr

Welcome and best wishes on everything!

I sold a property recently.  The title company told me that I would have to obtain the release of lien from my mortgage company and have it recorded.  The buyer picked this title company and he paid for the title insurance, etc.  This seems wrong to me.  I've had 10 other closings in Texas (as buyer or seller) and in every other instance, the title company obtained the release of lien and had it recorded.  To me, it seems like the Title company is responsible for doing this, not the seller.  They are the ones who have insured that the title is clear.  They should be the ones to handle the logistics to clear the title.  That's what they are paid to do.  Has anyone else ever had this experience in Texas?  I will never use that title company again they also lied and mishandled many other things during the closing (which took 7 hours because of them).  At a minimum, they were incompetent; they were possibly stalling / delaying the closing on purpose so that they could get the interest on the money over the weekend since they didn't send the wire until after it was too late to get credit for it on Friday.  If they do this for every closing, I'm sure the interest money adds up.  Has anyone that was using a title company to close in Texas ever been told they (as the seller) had to obtain and record the release of lien when the title company wired the payoff to the mortgage company?

I will look into connecting with Sharon.  Thank you for the recommendation, @Greg Wang.

Greg Wang Architect from Houston, Texas

Great job.  Congrats and good luck on the sale!

I am as well.  Looking for a house to purchase at a good discount so I can flip it.  We do need a support group.  This is very stressful.

Some of the negatives for being an agent as well as investor are the costs involved in being an agent, and your hands are very tied by the regulations for a licensee.  All the deals have to go through your broker, you have to pay broker fees, extra insurance, etc.  You are not allowed to say a lot of things (it could be construed as legal advice), so you have to be very careful what you say.  There are a lot of regulations constraining licensees.  I feel somewhat bogged down in constraints and fees.  

I think Fort Bend is a great area for rentals, including Rosenburg.  I think this is a great time to purchase properties in the county for rental.  Rosenburg makes sense, because many of the houses are cheaper to buy than in Sugar Land and Richmond; so, you could probably generate cash flow from rentals with less of an investment.

Hello,

My name is Sue, and I'm a real estateaholic. Just kidding. I'm planning to flip residential properties in my area; I hope to purchase my first with the purpose of flipping soon. I will also be obtaining my real estate license very soon; I just need to get my insurance set up and finish the broker's paperwork. I'm curious if there are many real estate investors who do flips who are agents as well. I can see positives and negatives to both sides.