12 October 2017 | 5 replies
Title company, Insurances, Contractor(s), know the market, know the days on market for properties.Find out from lender if there are monthly minimums, how many loans they're closing monthly, how quick it will take to close, and what they will need from you.You're going to want to operate quickly because the longer you have the money the more it will cost you, so get your ducks in a row.
10 October 2017 | 2 replies
Hi Adam,I'm not clear on what you're bringing to the loan application.You know the loan can be in partner's name alone, but you can still be on title, right?
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5 June 2018 | 0 replies
Hello BP im a new real estate investor in the NJ area im looking for title companies that are investor or should I say wholesaler friendly.
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2 January 2019 | 7 replies
They will have to be on title with you but you can use their income to Help with debt ratios.
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1 January 2019 | 1 reply
Title company should be able to estimate maximum potential tax liability, pad it a bit, and escrow a reasonable amount to cover the amount eventually determined to be due.
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4 January 2019 | 9 replies
(A recorded trustee's deed (or similar alternative) confirming the amount paid by the grantee to trustee may be substituted for a settlement statement if a settlement statement was not provided to the purchaser at time of sale.)The preliminary title search or report must confirm that there are no existing liens on the subject property.The sources of funds for the purchase transaction are documented (such as bank statements, personal loan documents, or a HELOC on another property).If the source of funds used to acquire the property was an unsecured loan or a loan secured by an asset other than the subject property (such as a HELOC secured by another property), the settlement statement for the refinance transaction must reflect that all cash-out proceeds be used to pay off or pay down, as applicable, the loan used to purchase the property.
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27 January 2019 | 9 replies
@Laura Johnson When I read the title I thought you were looking to do something against the rules like rent a single family home like a duplex.
24 January 2019 | 4 replies
If current title is tenancy in common, then both your grandmother and mother will not be pleased to hear that their estate will be subject to probate.
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2 January 2019 | 0 replies
Both a survey and title search have revealed that the mobile home is on the property and has been detitled and joined with the property.
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2 January 2019 | 7 replies
Trying to cloud title would be a BAD idea.