I use to keep cashier checks made out to cash, and then endorse them when I won the bid.The trustee will issue a "Trustee Deed"  to you when you win the bid.

Last month, there were 8 FHA 203k Loans that were endorsed and 82 last fiscal year.

Do you use the BP endorsement or do you have another recommendation?

Not recommending or endorsing.

It's not something that you want to cheap out on b/c inadequate coverage (ie. residential exclusion endorsements on the policy or venturing into an insurance product that carves out all the coverage you would need) can ruin you should an issue arise.

Not only do you have numbers for financing you are also endorsed by a legit lender and a pro bono BPO.

Yes, you basically put the endorsement on the envelope.

I don't feel comfortable to endorse them on the forum.

I'd appreciate hearing back from anyone who can relay back whether or not the numbers are reasonable:Estimate of the costs to Seller:Title Policy $1750Transfer Taxes $600 (based on $130,000 purchase price)Survey $400Miscellaneous Title Costs $500 (recording fees, zoning , water cert etc.)Tax prorations and attorney fee of $500Estimate of the costs to Buyer (me):Loan Policy $500City Transfer Tax $1000 (based on $130,000 purchase price)Escrow Fee $1400Miscellaneous Title Fees $500 (Lender endorsements, recording fees etc).Inspection $450This doesn't include closing costs from the lender such as origination etc (lender is USAA)Any thoughts?

I know a business owner who use an S Corp, to shield his liability, bought liability insurance, and his insurance agent didn't know enough to add an endorsement including him.