Does anyone use Prepaid Legal or have any educated opinions about it?

Most people who have been taken by this scam only hesitate briefly before wiring the money, as they have already "cashed" the doctor's check, they are sitting on a year's worth of prepaid rent and the dollar amount for the furniture is small in comparison, and believe that if the check were fake it would have bounced already.The cashier's check from the good doctor bounces roughly three weeks after the homeowner deposits it (contrary to popular belief, it takes financial institutions longer to figure out that a cashier's check is worthless, in comparison to a personal or corporate check).

Pre-paid and un-paid expenses (real property taxes, hazard insurance, special assessments) are typically pro-rated to the day of closing.

A company called Prepaid Legal is contracted with KROLL right now selling a monthly membership through them as well as other sorts of protection for as little as 12 dollars a month!

This includes prepaid taxes, interest, and such. 3-4% if making all cash offers.

.-  Don't forget that there will also be other costs at closing -- closing costs, loan costs, pre-paid taxes/insurance, etc. that the buyer and/or seller will need to cover.

In fact, I am on my first tenants, and out of all my applicants, I don't believe a single one of them would have qualified for a credit card unless it was prepaid.

Now I realized I don't have the full name of one of the tenants and my prepaid Legal service will not help me without their full name.

This rule allows you to do a cash out refinance inside 6 mths, using the appraised value (BUT.... the loan cannot be larger than your original purchase price plus all closing costs and prepaid/escrows).

Here are another few pieces of advice that can help - especially if you have a full time job:* Cell - Buy a pre-paid cell phone and record all the details regarding the property (how much, how big, verification needed, security, etc.) on the VM.