All Forum Posts by: Steve Bradigan

@Colleen F had a very good question. Where is the property located? I can't advise on the added value but I can on the expense. I live in the Mid-Atlantic area. When we renovated our private residence we added electric heat under the tile in three rooms. That was 10 years ago. It's feels pretty good having the floor warm under your feet until you see your electric bill. It will make you scream. We rarely use it. If I were buying again I'd walk away from a property that was dependent on this source of heating.

It's become part of every day's routine!  Happy Turkey Day!!

I own an abstracting company in Maryland and have recorded documents for clients for 26 years now. Easily over 100,000. I have never heard of such a thing. I realize you are in FL which may change the mechanics of how one actually records a Deed or Deed of Trust but not the laws that dictate whether or not it can be recorded. A very good question as presented above is what kind of mortgage is it. Regardless, if there was a problem with the legality of the documents, this should have been discovered long before it settled and went to record. If the county kicked it back, the title company has an immediate obligation to resolve the problem. After all, they settled it! If you purchased title insurance and there's lenders insurance it would appear that you have a claim. Go over the head of the title company and find the council for the underwriter. There is a time frame in which the title company and it's vendors have to get you documents "of record". You are correct, it is a huge liability that increases daily. First American knows this! Good Luck.

Welcome and good luck Wes. I'm from Annapolis and focus on Anne Arundel County. Also on my second attempt.

Oh I understood your point. And kudos to you for still coming out on top of that deal. I am guilty of talking myself out of a deal. I'll get over it - just have to find that right first one!

Just saw this post. This is ironic. I was just about to post how I was getting frustrated because in 4 months I've only found 2 distress properties that I was comfortable enough with to put an offer on. I was out bid on both. Don't get me wrong, there are plenty around. I'm told that I over analyze. I'm just getting back into rehab flipping after an extended hiatus. I guess there's a little fear of pulling that trigger. I have a good team, an equity partner and rehab experience.... And no property!  It's stories like this that reaffirm my over analyzing habits. I've got to find that happy elusive medium.  Thanks for sharing.

Pasadena does have potential, you should find multiple opportunities. I have researched there but currently my main focus has been Severna Park, Arnold and the Annapolis zip codes.

A belated Welcome Ruby. I just joined recently myself, apparently there are quite a few of us here in Maryland on BP. Good Luck!

Thank you. Good advice Paul - I'll check out the books. Already planning on the local meetings.  Steve

Thank you. Look forward to it. Good luck on #1!