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14 August 2020 | 56 replies
Originally posted by @Steve Morris:OK, since you guys seem to know about title insurance, how does this get handled, if at all, by standard title:1) Buyer wants repairs done by close2) Seller contractor finishes them by the day before close and the buyer approves.3) Property closes4) In the thrill of closing, seller forgets to pay the contractor5) Contractor waits 90 days and then gets lien against property since buyer really has no defense against the work he did on the property and he benefitted from it, but doesn't think, rightly, he should pay for it.I don't have any experience with closings in OR but in general sellers are required to sign an affidavit at closing that swears there are no outstanding contracts for the sale of the property, there are no liens, encumbrances, mortgages, claims, boundary line or other disputes, against the Property, there have been no improvements made upon the Property within the past ninety (90) days or whatever the proper statutory period is for the state, which there remain any outstanding and unpaid bills for labor, materials or supplies, there are no matters pending against Seller which could give rise to a lien that would attach to the Property, there are no judgments, claims, disputes, demands or other matters pending against Seller that could attach to the Property and there are no violations of governmental laws, regulations or ordinances pertaining to the use of the Property.
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13 August 2020 | 3 replies
Our son will not come back here, he is headed to a big city.Both Houses and lots are in short supply in our area.Interest rates are low.Realize everyone's property is always "special" but without going into it ours is "special".We have priced at the very top of the market per our Realtor.
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6 August 2020 | 3 replies
You supplied a background story but what is the problem?
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6 August 2020 | 0 replies
COVID lockdowns and supply shortages tanked keeping renovation schedule - lost 4 months due to that, and that is lost rental revenue because we couldn't renovate the last space until renovations were complete on the then vacant space for the existing tenant's move.
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6 August 2020 | 0 replies
COVID lockdowns and supply shortages tanked keeping renovation schedule - lost 4 months due to that, and that is lost rental revenue because we couldn't renovate the last space until renovations were complete on the then vacant space for the existing tenant's move.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1849388/small_1621516105-avatar-kevind465.jpg?twic=v1/output=image&v=2)
6 August 2020 | 1 reply
COVID lockdowns and supply shortages tanked keeping renovation schedule - lost 4 months due to that, and that is lost rental revenue because we couldn't renovate the last space until renovations were complete on the then vacant space for the existing tenant's move.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1725812/small_1623768731-avatar-stellax.jpg?twic=v1/output=image&v=2)
5 September 2020 | 48 replies
With the boom of the region, the housing stock was unfortunately constricted, and supply could not keep up with demand.
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7 August 2020 | 6 replies
If you're counting on the college town to supply tenants, this might not be the year for that.
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12 August 2020 | 6 replies
If the dollar value is dropping and things are getting more expensive independently for other reasons (supply shock, decreased production/consumption) they should be compounding factors but I am not sure.
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10 August 2020 | 5 replies
As labor supply dwindles, prices go up.