All Forum Posts by: Robert Verdi

Hello all, any advice or help is very much appreciated.  

We purchased a property that was registered land and we rehabbed it, put it on the market and are set to close Monday.  Called our attorney today and was told that there is an issue with the title.

When we purchased the property the seller's attorney put the wrong Plan No. on the deed.  The Middlesex Land Court Registry District accepted the deed.  

All of the attorney's missed this at the buying closing, which we paid for title insurance.

The new buyers attorney pointed this out and our attorney and now our attorney has filed a S Complaint with the Massachusetts Land Court.  Someone suggested getting a scriveners affidavit from the original sellers attorney and presenting it to the registry to see if they would allow it to close while we wait for the land court to go through the process which could take months.

Has anyone had any experience with this that could offer us some advice.  Also is there any recourse here on the attorney's involved and/or how does title insurance help us.

If the buyer walks we made additional renovations at their request, and we are at risk of defaulting on our loan, to which our homes are cross collateralized.  Any help or advice is greatly appreciated.  Thanks in Advance.  

Will this replace call rail?

Thanks for the responses.  I will subscribe to a few and also do my own research to give myself a better idea of what the real numbers are.  Happy New Year thanks again.  

Hope everyone had a nice holiday season and is staying safe. I have been analyzing STR and using free AirDNA along with some tables that I was sent based on past years from AirDNA. I have found what I thought were deals only to talk to some local STR investors/management companies to find out that the AirDNA data is heavily inflated. Average of 20% less actual vacancy than what AirDNA is stating.

Is the subscription data much more accurate?  Also how does Mashvisor compare?

Just looking for some guidance.  I have also tried the enemy method but need a lot more practice at it.  Any advice would be appreciated.   Thanks have a Happy New Year.

@Michael

Thank you.

I have looked all over the site and I can not find the 4 part video series that David and Brandon mention in the first 15 minutes of the podcast 483.  I am a pro member.  Can anyone point me in the right direction.  

Thanks

@Jesus Sosa just wanted to follow up to see how you made out.

@Whitney Hutten

Great advice thanks.

@Avihay Ohana

Thanks

Thanks for the feedback. Looking forward to connecting with more investors in 2021.