Real Estate Investors: Beware of Haunted Houses Be careful. That distressed property you have under contract to buy may be haunted. No, it’s not time to call an exorcist, or the Ghostbusters. While the guys in the beige jumpsuits and proton packs are proficient with eradicating those little green slimy ghosts they are no match for the demons that lurk in that smoking hot foreclosure deal you just tied up. In the title insurance world these demons are known as defects, or clouds. I like to … [Read more...]
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Real Estate Investors: Beware of Haunted Houses
Filed Under: News Tagged With: a house, bigger pockets, buy a house, buying house, estate investor, finance, General Real Estate, haunted, haunted houses, haunting, house, insurance, investor, judgment, lien, lis pendens, mortgage, real estate, real estate investors, real property law, report, short, the house, title, title insurance in the united states, types of insurance
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Short Sales With No Cost to Sellers
Short Sales With No Cost to Sellers I see many agents who advertise that a short sale transaction can be closed at no cost to the seller. When I see those ads, I always look for the fine print (and I do not always see any).When you take a short sale listing, the seller frequently inquires as to what s/he can be expected to pay< (i.e., how much does short sale processing cost). It’s true that frequently the short sale can be concluded with no cost to the seller. But, then there are those … [Read more...]