If you were under contract here in Texas, you should have a title company.

I would also recommend ensuring you have a title company do thorough title due diligence and get title insurance. 

Hey Ting,So even though the property and loan were under your name, the IRS looks at beneficial ownership, not just whose name is on the title.

It may be different in Nova Scotia but here in Winnipeg property taxes are attached to title.

I also use Baselane for banking and accounting because you can mark each transaction with a tag. 

When you buy subject to, do you close through a title company and get title insurance?

Regarding liens and title searches...I think there are private companies you can hire to check title.What state and city are you buying in? 

I was told by my lender that these costs should come down more as some of the title fees are conservative estimates at this point.

He said that as long as you’re paying the mortgage every single month, the lender doesn’t really care in practice if you transfer the title to an LLC.

Many of the people I met in the Auction Preparation Workshop (more on this later) were struggling with understanding things like title insurance, the varying types of deeds, etc.The weekly coaching calls are very good and the facilitator calls are good as you get started to learn about how to do research.