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27 July 2015 | 12 replies
Since these are tax deeds, does that mean when the county foreclosed on the property that the title was cleared including IRS liens and other types of senior liens?
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23 July 2015 | 1 reply
Does anyone know of real estate friendly title companies in the Oklahoma City/ Lawton Oklahoma area that are willing to do HUD double closings?
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20 March 2017 | 21 replies
You can then direct the seller to go down to the title company or lawyers office and enter into the lease with option or lease purchase, getting their signatures notarized.3.
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19 April 2018 | 16 replies
This would save you title fees and the legal expense of drawing up the Deed in Lieu.- Let's say you decide to foreclose on the property, you could rent it out on an option - meaning the end buyer pays rent, and you deed the house over to them for a small amount of money after a certain number of months go by so as to avoid originating a mortgage (and the laws that go with it).- The other option is foreclosing and renting it to a rehabber until he or she is done fixing it up, then flipping the property to an end buyer or refinancing it and keeping it as a rental (almost like a Hard Money Lender except in this case you the own property).
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24 July 2015 | 14 replies
I think you'll find that there's a little more to handling title, escrow, closing, etc than you think.
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24 July 2015 | 4 replies
@Mike Sagesse, a prelim is a preliminary title report that you can get through your title company.
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24 July 2015 | 3 replies
Are you taking title or just assigning contracts?
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25 July 2015 | 12 replies
Like @Ryan Billingsley said, it is good to have an ideal figure of how you want the property to operate once leverage is applied, as this will dictate how much money you will need to leave into the project to make those numbers work.If you have held title to a property for 6 months, you can get a cash-out refinance through a Fannie/Freddie mortgage that will use 75% of the new appraised value of the property, and also provide you with 30/30 terms and a low interest rate in order to optimize cash flow.
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24 July 2015 | 5 replies
Would this be some sort of mortgage wrap without title transfer?
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5 August 2015 | 6 replies
It is getting harder and harder to find Projects, but get out there and network with wholesalers, estate attorneys, title companies, and other investors.