Priscilla Z, lawyers advantage or island title have horrible settlement costs.

As long as your fee appears on the HUD-1 settlement statement, should be fine.

It's been a long battle but low and behold she was finally approved for the new plan that Chase, BofA, Wells Fargo, etc. has going (Global Settlement Act *I believe).

Sounds like the probate attorney wants to see the preliminary HUD-1 settlement statement.

Make sure they know about the National Mortgage Settlement!

The drawback is that the seller is going through a divorce settlement and legally can't sell the property until things are finalized in November.

Specifically: "For purposes of this section, the term “federally-related mortgage loan” has the same meaning as in section 3 of the Real Estate Settlement Procedures Act of 1974 (12 U.S.C. 2602)."

If your buyer is not sophisticated enough to know they should get a title search, you are ripping them off by doing the transaction without a traditional settlement.

Certainly the money aspects (pro-rated rents, security deposits) should have been on the settlement statement.

I've learned quite a lot from the experienced posters on this site.Hopefully I can get some advice on a situation I'm facing.I bought several tax liens in my home state of MS 2 years ago.I'm very happy with the returns, but I have one left that did not redeem.It was a homestead property when I purchased the lien, but now it has "estate" listed on the property, and the taxes are now about double what I paid for the lien.So I'm assuming the owner passed away in the last 2 years.August 30 was the final date for redemption, and I have filed to get a tax deed.My state is known to be lenient in favor of the property owner, and tough on the invester, so I do not expect to acquire the property.However, I have no experience in this aspect of the deal, therefore really don't know what to expect.As it is a relatively small lien, I'd like to avoid the expense of a lawyer if possible, as I'm not sure that money can/would be recouped.One avenue I have considered is to contact the owner when I have the deed, and offer a quit-claim settlement for my interest in the property.I'm interested in your thoughts on this solution, and any other ways to bring this matter to a close.The original lien was for $600.