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16 December 2024 | 4 replies
As the title says, curious how long others are seeing in their area to stabilize a SFR in a C neighborhood.
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13 December 2024 | 2 replies
Alternatives to ConsiderIf you want to involve an entity for liability protection or other reasons, here are some potential approaches:Assume in Personal Name and Transfer to Entity:Assume the loan in your personal name and later transfer the property title to an entity.Important: Transferring title may violate the loan’s due-on-sale clause unless explicitly allowed by the lender.
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11 December 2024 | 4 replies
Getting title and getting clean title for properties bought at tax auctions are two different things.
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19 December 2024 | 22 replies
@Eva Sha - Yes, I generally advise emerging developers there will be anywhere from 5%-8% in closing costs (depending on the size of the loan), which include lender costs/fees, attorney's fees, and title fees, plus any other consulting fees.
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18 December 2024 | 25 replies
In some states it's better to write a full mortgage because the foreclosure timeline is short or because the municipality will not treat the buyer as having equitable title otherwise.
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6 December 2024 | 0 replies
This is a recent decision where a title insurer denied coverage to an insured owner who had been named in a suit to rescind the deed into the insured.
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19 December 2024 | 13 replies
You can secure the property with a promissory note drafted by a lawyer or a title company, but keep in mind that “taking back the property with the note” as it is often pitched by gurus is not always actually that simple.
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5 December 2024 | 7 replies
Reach out to @Tom Gimer at Eastern Title
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13 December 2024 | 12 replies
If title is clean, a cash deal can close in 7-14 days.
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17 December 2024 | 8 replies
Best thing you can do is go to a large title company like Northwest or Amerititle and find a 1031 intermediary.