Settlement agents will generally run a general index search before closing and any outstanding IRS liens against a person must often be satisfied out of the sale proceeds.  

The only difference is the speed at which they do it, communication and how much each charges you to sign papers aka settlement fee, it ranges from $100-300 here.

Agent: One dollar more than the settlement."

If any money comes back to you from settlement, such as a small amount to adjust some expense or credit, those funds must be deposited in that business account. 

It's just the timing of how the settlement worked out. 

Let's see, could be a family house they're very emotional about, could hv filed bankruptcy and is working on a loan mod, could hv a settlement pending and getting some big cash payment soon.

Then again, don't count on anything until after settlement!!!!

And then even in those cases it does not mean you the other assets in the LLC are attached or used for settlement opposed to simply writing a check.So bluntly, I think one primary LLC is more than fine for a pool of residential properties upward to 100+ units.

So my private lender could issue 1 loan of $121,800 secured by the property and another loan for $30,000 we'll say for additional rehab costs that is unsecured and has no ties to the property.Regarding the 3 month waiting period, is that before I can enter into a contract with a buyer or go to settlement?

Settlement on 6 houses has to be crazy, how do you get around all those fees?