The cost of the inspection is added to the cost basis.Certain financing costs such as appraisal required by the lender are costs of financing that are "collected" at settlement and should be deducted in the year of settlement.Just how I see it.

In some states this is illegal (what is known as wet vs dry settlements) This is when you need transactional funding.

The settlement agent informs the buyer of how much to bring for the total transaction.

Then you do your thing and your buyer pays me to assume that contract, then you set settlement only to find that the owner doesn't show up!

This story would work ever time since it was easily believable,I mean who doesn't get settlement money these days.And on the selling side age was never a problem.

Don't pay any up front loan origination or processing fees.You can also find a title company and inquire about settlement, but your lender will be doing this too, so don't schedule anything.See if you can get a loan.Folks need to get their financing in order before they go out making contracts to buy.

Another is Anthony Barg who handle settlements in PA & NY so he may work NJ as well.

The court wants the person who was injured to be made whole and it is not common for courts to award 50M settlements when a person has 500k in net worth.

I have a contract on my second house!!! Viewed house and had some problems so signed "as is". Viewed entire house and knew issues. Appraisal guy for bank came and wanted foundation and roof inspection. Inspector came ...

Hey All,In most cases when you wholesale do you receive your assignment fee via the separate assignment agreement outside of settlement, or is the assignment fee paid from settlement (ie, included on the HUD)?