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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...
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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...
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We are selling a REO house we bought 5 months ago. As we going through the closing process, the title company found out that there was a loan that was taken out by previous owner that was never paid off. The loan wa...
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This decision out of NY illustrates one of the types of baseless claims made under a title insurance policy. I'm surprised the Court didn't sanction Plaintiff's counsel for filing a spurious suit. I wouldn't be surp...
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Hi everyone,
I'm a soon-to-be first time homeowner once my father gives me a house he owns via a quitclaim deed. I am just wondering if there are any legal/financial (as far as taxes go) implications in answering "...
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I have a house I'd very much like to purchase but there a complication : This house was foreclosed on. The proceedings went through as normal but the commissioner forgot to close escrow after the case was resolved. N...
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The Title says it all. Currently met lender who offers extremely good terms. 7% int only split over 2 years. He didn't ask for any upfront fees but does require payment for loan insurance. The loan insurance company ...
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I just closed on my first deal. It is a townhouse, should cashflow about $300/month. There is a lot to closing on a property! I purchased my home 20 years ago, so forgot how involved it is. The bank wants everything ...
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I made an offer on some land in San Bernardino County for $15k. Do I use a title company? The seller wants a check for deed.
How do I avoid getting screwed here? I checked property records and the person matches the...
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Delighted to receive 5 offers when we put our Cleveland rehab up for sale this spring! Needless to say, it went for well above asking price. So I called the title company to start service and to my dismay, I come to f...