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29 August 2018 | 9 replies
I'm from Florida where title companies handled closings not lawyers.
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10 August 2018 | 18 replies
Depending on the situation, you may end up needing to bring a quiet-title action as well due to the fact the ejectment action may not remove the "equity" that the tenants have in the property.
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9 August 2018 | 4 replies
My first spreadsheet is condensed information form my mortgage broker and lists on the Y axis (vertical): mortgage terms, rate, APR, fixed term, years, credit score, loan amount, sales price, percent down, down payment, FHA funding fee, Total Loan Amount, Estimated Monthly Payment, Principle & Interest, Homeowners Insurance (Flood + Home), Property Taxes (1.23% home price in my county), Mortgage Insurance, HOA Dues, origination fee, appraisal fee, tax service, flood certification, credit report, attorney's fee, title insurance-lenders, title insurance-owners, recording fee, verification of employment, survey, home inspection, water/septic if well, pest, 1st year homeowner's insurance premium, homeowner's insurance escrow, property tax escrow, per diem interest, down payment, closing costs, prepaid expensesOn the X axis (horizontal) I have the numbers for 200k, 250k, 300k, 350k, 400k broken down into whether it's single family or multifamily, then FHA or conventional2.)
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9 August 2018 | 2 replies
Nothing was said to me by the realtor or the title company and I did pay for a title search.
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16 August 2018 | 5 replies
@Aaron Taylor Very common issue and it is company specific as @John Mocker states.I'd say 9 out of 10 of my clients have a different Umbrella carrier than who is insuring the rentals.Having different insurance carriers will not cause headaches in the future as long as both companies are fully aware of how the properties are titled and the Umbrella lists all of the named insured's correctly.
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10 August 2018 | 3 replies
You really do want to do a title search.
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10 August 2018 | 7 replies
How is title held?
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13 August 2018 | 22 replies
Great intro to all things rental related)Building Wealth One House at a Time by John Schaub (As the title would suggest, it caters to new investors.
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9 August 2018 | 0 replies
Hi there fellow wholesalers, Looking gor a title company recommendations that service lenawee/washtenaw/Jackson counties?
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9 August 2018 | 4 replies
@Owen Washington it could be done but its complicated, A) you have to be a real cash buyer because they require you to put down a non refundable deposit after the action, or you must have very solid cash buyers that are ok buying a property sight unseen because its hard to get access to the property prior to the closing of title.