Hey Everyone,Settlement is next week for my first flip.

There are many concerns here, and restrictions that vary by company based on the age and renovation history of a property.Valuation method: Actual Cash Value will deduct depreciation over time from your claim settle (which can be thousands of dollars), while Replacement Cost Value will not deduct depreciation, and will almost always result in a claim settlement being larger by several thousand dollars.Theft Coverage: How does your policy handle theft claims?

If that really is a requirement of this settlement service provider, get the lender on the horn and give them a heads up that the funds are going to be deposited in your sons account prior to being sent over, and ask what they need.

I don't need the title insurance, just a company to handle the settlement paperwork/escrow etc. $400 per transaction side is what I've found so far ($800 total).

We represent clients in pre-litigation settlements through trial and appeal. 

I understand; thank you Kerry.Is it customary for the HML to send the loan money to the person or entity directly, as not to the closing/settlement company?

The property just appraised for $5k over the sale price and the deal in still on, 2 weeks until settlement.

My question is about estimating total settlement costs as the buyer. 

An experienced SS agent will have an idea if the buyer will have to “contribute” extra money to help pay off a settlement with these, and structure your offer accordingly.

I’m guessing you get nothing as far as the settlement statement goes.