Nat C.
Recorded lien AFTER closing
I purchased a property in Miami Dade a few years back. A year after owning it, a new tenant moved in and when she tried to turn the water service on, she was told there was a lien for unpaid water. The water company w...
Rich Riesmeyer
How necessary is title ins.??
Hi folks. I finally found my first rental property. It is a single family home in a subdivision, about 35 years old. It is a HUD property. All cash deal, $52000. This being a HUD home, in a subdivision,...
Matthew Vorce
First Duplex Closing Costs
Hello BP!I am working on closing my first duplex deal in Mount Clemens Michigan. The duplex is 2 - 3/1 units with a price of just over 100k. The loan I am using is an FHA loan with 3.5% down. I received the closing co...
Arhum Nomani
HELP - complicated problem : title issue and hard money loan
Hello Bigger Pocket friends!I bought a fix and flip property on a hard money loan and closed on it with a clean title. After completing the rehab I put it for sale on the market . The property went under contract, but...
Steve G.
Who pays closing costs?
Hi guys,We have a seller who's interested in putting their property under contract with us. They have an issue with paying costs at closing, however.Our contract states that they pay the costs of preparation and trans...
TJ Nowitzki
Title Company Recommendations for Foreclosure Auction Homes (Courthouse Steps)
Hi all,
I am about to start buying properties at foreclosure auction in California. Does anyone have a recommendation for a title company that provides title insurance once the deed is recorded and I take possessio...
Shannon Atkinson
Quieting a title from a tax sale in Wayne county Michigan
I bought a house at the tax sale in Wayne county Michigan back in 2013 we are living in the house and now are thinking about selling. Do I have to quiet the title at a cost of around 1700 or is there a different wa...
Nelson Del Castillo
Buying REO with insurble tittle to flip with hard money
Hi, I’m under contract to buy a reo to flip using hard money. My attorney just notified me that the contracts states that they will only convey insurable tittle. Is this common, would I be taking any risk doing this...
Taylor Cook
Transfer into LLC- Warranty of Quit Claim?! Help!!
Hi everyone.
Getting ready to close on our second investment property in Colorado. I was told by my closer today that she cannot Quit Claim the Deed into an LLC, but said it would have to be a warranty deed because ...
Jeff Nichols
Title Issue Disclosed By Seller
I made an offer on a property and in the counter-offer it had this exemption: "Buyer understands that an issue with the title has been disclosed by the seller; said issue First American Title Company of Texas has prev...