Austin Ralls
Quit Claim & Warranty Deeds
I've come across a couple of banks selling foreclosed properties through quitclaim deeds and am looking for advice on how I should proceed as this would be my first time dealing with this kind of purchase arrangement....
Spencer I.
How far back does title search go?
I am buying a property. The seller purchased the property in 1988. Upon receiving the title commitment, the property is in my seller's name, but there was a break in the chain of title from about 80 years ago. There i...
Joe Mclain
Selling tax deed property
Has anyone looked into selling your tax deed property via warranty deed vs QCD? Will Warranty deeds sell for more than QCD's? Will a Warranty deed sell faster than a QCD? What are your thoughts?
Martin Pulrang
Tax implications of a joint Letters of Administration
I am hopeful this community can guide me. I am listed as personal representative, with my father, on a Letters of Administration (LA) as a result of the death of my uncle. My lawyer said we could execute a deed of dis...
Germond Byars
How does one transfer personally owned property to an LLC entity
I own a piece of residential property in San Antonio TX, and would like to transfer the property to an LLC entity. How do I go about it?
Ari Bachrach
Depreciating personal property
A question on depreciation for residential investment properties. When calculating depreciation, the regular schedule is to depreciate the property over 27.5 years. Do I need to separate out personal property (applian...
Andrew Shrigley
Seller's Ex-wife is on title as Life Estate, is this a red flag?
I'm negotiating a deal on a property, and when I did a title search through the county website I found that the seller's ex-wife is on the quit claim deed as a life estate interest. After normal quit claim statement i...
Account Closed
When do you use hard money in wholesaling?
Hello,Newbie question here, would really like to hear your answers, thanks in advanced.I found a home through a referral. The home is in complete shambles (no plumbing, no electrical, water damage etc.) about $150K in...
Jeff Tumbarello
August 2008 Lis Pendens and Foreclosure Recap, Lee County Florida
Number of deeds conveyed by the clerk of the court via foreclosure action 1210
Number of Mortgage related Lis Pendens 2156
The trend is changing. The deeds being conveyed is starti...
David C.
Has anyone successfully used a Land Trust to avoid Transfer Tax?
I unfortunately live in a State that charges a 2% transfer tax for any title change (even between "sister LLCs"). I have been looking at a Land Trust as a way to avoid this. Has anyone used it successfully for this ...