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Good news! I got a deal on a Duplex. Now the bad news. It appears each side has its own deed.
My lender says that means two loans, which seems bad because it would eat up two of my initial 10 FNMA loans and I’m guess...
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I am preparing deed transfer for a few houses held in my own name to my revocable trust’s name. The estate lawyer wants to use title companies for the deed transfer, but that’s ridiculously expensive, I am wondering i...
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I am closing on my first seller financed deal in about a week. It is a contract for deed. There is a current lien on the house that I will be paying to ensure its not missed. But my question is this:Whats the differen...
My husband and I own our home, debt free, and are considering changing the ownership to myself as sole owner. His health is slowly declining, and even though I would own the property on his demise, we wish to make th...
Here is another one about CFDs. Here is the scenario, the borrower misses a few payments, but resumes paying on time. Since, CFD do not have a note, my understanding is that a loan mod would not apply. The only remedy...
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Hi,Has anyone on here purchased deeds?I came across a company that sells deeds linked to "Zombie houses". The company has gone as far to find the owners and have them sign their rights, details over to them an in turn...
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i am currently under contract on a rental property in IL. I am being told that the deal may fall through because some mysterious nephews will not sign the deed. They have not signed the contract and I don't know who t...
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I'm working on a probate deal where I've offered the seller an advance of the sale proceeds prior to closing. To mitigate a loss of the funds I've proposed a trust deed against the property as the instrument to s...
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Hey BP,I am a Georgia-based investor and am interested in purchasing tax deeds in our state. I recently read about a strategy where an investor could purchase a quitclaim deed from a homeowner facing a tax sale and t...
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The property is located in California.
I am filling out a quit claim deed for property that my brother and I have in joint tenancy. He will quit claim deed his portion to me.
1)
For the transfer tax calculation,...