Hi All, I've seen where some estimate closing costs as 3% of purchase price. I bought a $200k house and it was in this ballpark. I was looking at a $50k foreclosure, and wondering if this rule of thumb applies to home...

Hi,

I'm still a bit unclear on simultaneous closings where we use C's money to fund AB. Who pays for closing? My understanding is that C pays for closing cost for BC, including my attorney's fees, and B (me) pays f...

I'm a little confused as to why someone would purchase an Owner's Title Policy. The standard line is that the mandatory Lender's Policy only covers the lender, so it's a good idea to get an Owner's Policy to cover you...

Hi all,My understanding is that real estate transactions are required to be "overseen" by an attorney in South Carolina.  But I am having difficulty finding out exactly what all they are required to do.  Does anyone h...

Title company is asking for an Uninsured Title affadavit to refi out of a hard money loan.  Are there title companies that will still insure a title in the home is a quitclaim and the previous grantor won't sign an Un...

I am looking at a property in an online auction at Hudson and Marshall. As I have only done 2 deals so far through a realtor that were both from the MLS, I have zero experience with online auctions and do not know wha...

We bought a property in Florida in January 226 weeks later we get an email from title insurance saying there was an issue and basically it was a mother and daughter who owned the property but only the mother put her n...

Hi! I am a long time lurker on BP and a newbie in the world of real estate. I currently have three properties that are rented out and am working on my fourth deal now. I found an investor looking to sale his prpert...

I’m buying an reo and contract states seller is only required to convey insurable tittle. Is this something I should be concerned about and should I have tittle search completed before I give my full commitment and l...

Just trying to educate myself. I understand the chain of title is issued by the title company to the lender. Is this a document that they create showing the history of the property? What exactly is chain of title doc?