Hi Leo, its been years since I closed on a HUD property but you close on the property as soon as title is ready like any other property.  

Use the lookup in the commercial section any post with my name and titles Deal 1 thru 14 deal analysis.  

Gifting equity in a house may be more trouble than it is worth if you are not near the life-time exclusion1) Potentially having to get the property appraised everytime an equity is gifted2) Having a title company update the title every time3) Exemption of the gift tax return is normally for cash gifts below the annual gift tax exclusion, you may still need to file if you gift non-cash4) If there is partial ownership over several years, having to properly pro-rate certain items such as real estate taxes, mortgage interest and rental income if the property is a rentalBest of luck 

I have been advised to do a title report on any properties I want to bid on, but am I able to do a title commitment? 

That makes your bookkeeping easier, and it can also provide liability protection if you hold title in an LLC.

If you are going to start BRRRRing in Philly assemble a team of real estate professionals who can help you with market analysis, location, title and financing.

Hi BiggerPockets community,
We’re a young couple just getting started in real estate investing, and we’re particularly interested in BRRRR deals in Queen Creek, Arizona. We’re excited to learn more about the area and...

Appraisal fees should go to the appraiser, not to the lender.Legitimate real estate lenders always use neutral title, escrow, and closing attorneys, as appropriate for your region.

I also want to make sure w seller financing there is an online dashboard i can log in at escrow or title company to track the loan paydown and monthly payments like w any mortgage bank.. did not see that on forums.

Loan Costs, Deposits, and Escrows: Origination fees, application fees, third party reports, legal, insurance review, title & escrow, rate caps (floating rate loans), due diligence deposit, rate lock deposit, standard escrows, etc.6.