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27 April 2018 | 2 replies
hello i am trying to buy a house from a owner but hes name is not on the deed as it was hes fathers and he past away long ago without leaving a will if the son the owner is on the property title and name on taxes can ...
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26 April 2018 | 11 replies
Good day everyone,So I'm primed to buy my next deal, I already have a pre-qualification letter in hand.
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27 April 2018 | 4 replies
It also eliminates property transfer taxes in some states.
27 April 2018 | 1 reply
How to ensure Listing Agent presents your offer to the seller.In advance of even looking at a listed property:1. email or have your buyer's agent email your Approval Letter for your MAX purchase price, regardless of how much higher it is than the list price of the property you are considering (the higher, the better) & an Attorney Escrow Letter of $5000 or more (the more the better) to the Listing Agent with instructions for the Listing Agent to forward the email directly to the Seller. 2. take the two letters with a copy of the email where it was sent to the Listing Agent and mail them directly to the sellers, this way that have something physically in their hands, letting them know you are a REAL buyer are not playing games!
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20 April 2019 | 10 replies
The contract reads: "Buyer acknowledges and agrees that no title insurance of any kind is being provided to buyer by seller , that title insurance is not a condition to closing and the property is being transferred to buyer by quitclaim deed or other form of deed acceptable to seller is seller's sole and absolute discretion, without any warranty or representation regarding title"I'd like to get some advice whether it makes sense to shell out the money for a title abstract to check the title on this while the bank is making it's decision.
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1 May 2018 | 28 replies
For the other neighborhoods I do not have any 1st hand experience in them but i'd imagine that other members here on BP can give you a detailed insight into them like I did with Cleveland.Good luck & i'll see you around the forums.
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3 May 2018 | 2 replies
Title insurance, property taxes/proration, insurance, lender fees, transfer taxes, attorney, title report and update (continuation), filing/recording fees, etc.Look at a typical HUD-1 and you'll see all the lines--there are lots.I would suggest you contact a local title company and get the local low-down on your typical costs.
25 May 2018 | 2 replies
So before I offer my suggestion I should note that I don't have any first hand experience with this situation nor am I a lawyer or CPA.
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7 May 2018 | 7 replies
@John Woodrich His parents have done flips and he's done hands-on work (he's 25-ish) and he'll be the buying agent, GC, and selling agent, in addition to bringing 50% of the cash funds (I'll be bringing the other 50%) Yeah, that Check part seems odd so I'm balking at that for now, as at this point we're not writing enough offers to justify sending EM.
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3 May 2018 | 4 replies
@Matt Leber owning the house makes the funds seasoned so no need to transfer them to you account before purchase