Appraisals, credit reports, title insurance, attorney's fees, recording fees, (some states transfer taxes), realtor fees for both the buyer and seller, mortgage payoff amounts to clear the lien to the home, homeowners insurance, closing agent fees, and oh yes, if there is anything left over, we brokers like to get paid as well, and the lender we send the loan to has to get their money, and flood certifications, surveyors, etc."1.

Scoping out neighborhoods is a survival tactic for me.Physical signs that I look for -* Dumpsters* Contractors coming and going* Elimination of poverty industry (Check cashing places, title pawns, pawn shops) in favor of more bohemian establishments (Coffee shops, box stores, cafes, etc.)* Clean-up and neighborhoods taking care of themselves.

By doing so, you don't have "clean title"; if such a transaction required title insurance, the title insurer would list all liens of record that remain unsatisfied as uninsured / exceptions / exclusions on the title policy.

Jon,I think it was this one that he is blogging about in next link:http://www.biggerpockets.com/blogs/1172/blog_posts/10116-pennsylvania-sheriff-sales-doing-your-own-title-search

You would typically get a check for your cut from the title company.

When showing the home, just tell them that you are selling the LLC which will be holding title.

If your cousin doesn't want to sell, don't bother trying to sell the whole thing.Find a title company in your area and have them do a title search for your unit.

My aunt wired the money to the title company at closing for the purchase.

They should have a purchase agreement, take it to a title company, get official approval in writing from the lender, etc.Your friend should ask for whatever he wants.

Okay did a wrap with a seller.Added as a additional beneficiary on the policy.Policy comes up in March.Insurance company was fine putting me as an additional insured but then the owner of the company calls the seller a few months after closing and said his employee never should have told her that.She doesn't have any written communication or a recorded call from the employee saying it was okay just the phone call before the closing happened.Now the owner of the insurance company says he wants to see the seller back on title before he will renew the policy.I mentioned I could add her as additional insured and she said the lender would be required to have her as primary.She is freaking out about the insurance issue and thinks the lender will call the loan.She wants a quit claim back to her and an agreement form her attorney that I manage it but still own it and I can buy her out at a later date.I told her I would not agree to this.We have completed substantial improvements to the property and have gotten out the bad element.What I have come up with I believe will shed light on her true intentions.I am thinking of creating a Joint Venture partnership or something similar where she is given 5% non-controlling interest in the property.This would add her back on title and then the insurance should not be an issue to renew.I am checking with an attorney on this now.Want to get thoughts on this issue.