At that point, the buyer (borrower) would be on the title along with the primary lender as lien holder.Underwriting would be jointly agreed on in a formal written Policy and Procedure Manual and Credit Matrix.

Prior to Closing, Buyer may at its option and at its own cost and expense obtain an attorney's opinion of title, owner's policy of title insurance or other evidence of title acceptable to Buyer.

If you close on any propert, get an insurance policy for it to protect you if a loss occurs.I am 59 years old and I found BP about 7 months ago and I am still trying to decide what to do.  

We've got to be at the computer, making sure the listings we found allow pets, pied-a-terres, require 40% down, parents buying for children, knowing the rental policy, have a flip tax, or are indeed still-available, never mind in the right location and price point for our clients.  

Honesty is the best policy. 

I submitted a list of concerns to the agent that manages our policy and have yet to get his official response.

She sent me a retainer agreement and in that she listed the service she will provide which is as follows:"The legal services include the review of the contract of sale and any amendments to the contract, preparation for closing including obtaining necessary title work, preparation and review of closing documents, representation at the closing, recording of documents and obtaining the title policy for the buyer."

Some people will say, "Take out a quality Insurance Policy and you will be protected."

Airbnb provides guest and user a blanker million dollar liability policy.

The only reason to get an LLC is for reduction in risk but even in that case you could just use an umbrella policy until you get much bigger.