All Forum Posts by: Ty Coutts

You can file a title insurance claim yourself without an attorney at this stage. Contact the title insurance company directly and provide them with all relevant documentation, including the closing statement, tax payment certificate, and any correspondence from the county regarding the back taxes. Clearly explain the situation and request that they address the issue as per your policy.

If the title insurance company is unresponsive or denies your claim, then it may be necessary to consult with an attorney to explore further legal action.

Hey Dylan,

The residency requirement for primary housing generally requires living in a legal unit. For FHA guidelines and conventional loan requirements, the property must meet local zoning and housing codes. Living in an illegal unit, even temporarily, could jeopardize your eligibility for certain loan programs.

I am a Loan Officer, and if you would like to chat further about your specific situation, I can answer any questions you may have. Feel free to DM me any time. Let’s set up a call so you can get this situated!

Hey John,

I am licensed in Wyoming and very confident we here at Aslan can help you find what you’re looking for. We do fractional ownership financing all the time. We have a HUGE breadth of products with over 80 investors, and will be able to find what is right for this property. We are also relatively small, and put our customers first, so you will be well taken care of, and not have any wasted time! DM me and let’s set up a time to talk!

Hey Stacy,

Here are some tips for first-time home buyers. I am a loan officer at Aslan Home Lending, and we deal with first time home buyers ALL THE TIME. Here are some things I would suggest.

1.Get Pre-Approved: Secure pre-approval for a mortgage to understand your budget and show sellers you’re serious.
2. Budget for More Than Just the Mortgage: Include property taxes, insurance, maintenance, and potential HOA fees.
3. Research Neighborhoods: Focus on areas with good schools, amenities, and growth potential.
4. Hire a Reliable Real Estate Agent (you!): An experienced agent can guide you through the process and negotiate on your behalf.
5. Don’t Skip the Home Inspection: Always get a thorough inspection to uncover any potential issues.
6. Understand Closing Costs: Be prepared for closing costs, which can be 2-5% of the purchase price.
7. Avoid Overextending: Buy within your means and avoid maxing out your budget.

Pitfalls to avoid:
1. Rushing the Process* Take your time to find the right home.
2. Ignoring Red Flags: Pay attention to potential problems highlighted during inspections.
3. Neglecting Future Resale Value: Consider how easy it will be to sell the property in the future.

These are all things we can help with at Aslan as well so feel free to reach out if you need a reliable Loan Officer, or if you just want to chat some more!

Hey Skie,

That’s great! Real estate investing is the best way to build generational wealth! I am a loan officer who works with many real estate agents and property investors. Feel free to reach out if you have any questions, or if you just want to discuss/collaborate. I work at Aslan Home Lending in Colorado and we are licensed in the majority of the United States. Our products are also very diverse with over 80 investors. I’m confident we could get something in the works together!

Of course! I hope you're able to make the best of this situation.

In this situation, the responsibility for back taxes typically lies with the seller, but the title company's role is crucial. Title insurance is meant to protect you from such issues, and it seems the title company may have failed in their due diligence by not rechecking the tax records closer to the closing date. You should first contact the title insurance company to file a claim, as they should address any issues missed during the closing process. If the title company remains uncooperative, consulting a lawyer to pursue legal action may be necessary to resolve this matter and ensure you're not held liable for the previous taxes. Please feel free to reach out if you have any further questions/just want to discuss!

It's generally advisable to have a guarantor in such lease agreements, as it provides an additional layer of security. While the company's legal counsel is confident in their financial stability, having a guarantor ensures that you're protected if the company fails to meet its obligations. Your attorney's advice aligns with standard practices to mitigate risk. If the company is hesitant, consider their financial statements to assess their stability or negotiate other security measures like a larger security deposit. Ultimately, having a guarantor offers added peace of mind. Hope this helps. Feel free to reach out to me directly if you have any other questions/just want to discuss!

Hello Dan Breen,

It sounds like you've received notifications about your VA guaranteed loan potentially being eligible for the VA IRRRL (Interest Rate Reduction Refinance Loan) program. The VA IRRRL is a refinancing option offered to veterans and service members with existing VA loans to lower their interest rates and reduce their monthly payments. While the VA IRRRL program itself is legitimate and beneficial for eligible borrowers, it's crucial to verify the authenticity of the communications you receive. Take steps to confirm the source independently before proceeding further.

My best piece of advice would be to contact your lender instead of relying on callbacks from letters or unknown numbers, contact your current mortgage lender or a trusted VA-approved lender directly. They can verify your eligibility for the VA IRRRL and guide you through the process without the risk of dealing with potential scams.
If you have more questions or need further assistance, feel free to ask. Good luck!

Shifting your focus to out-of-state markets like Texas and Ohio can be a good strategy. Texas cities like Austin, Dallas, and Houston are experiencing population growth, have strong job markets, and are generally landlord-friendly. Ohio, particularly cities like Columbus and Cincinnati, offers lower property prices with decent rental yields and growing populations.

Both states meet your criteria, but Texas might have higher property prices compared to Ohio. Consider factors like flight convenience, property management options, and your comfort level with the local market conditions. Research specific neighborhoods for safety and rental demand to ensure they align with your investment goals.

Hope this helps. Feel free to reach out if you have any other questions