Real Estate title search on Bronx, NY multifamily home?

Real Estate title search on Bronx, NY multifamily home?

Real Estate Investor · Mamaroneck, NY · Member since 2015 · 20 posts · 4 votes

Generally, how much would I expect to pay for a title search on a multifamily property located in Bronx, NY? 

I want to make sure that there are no liens on the property. I want to factor extra costs into an offer price.

Thanks.

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  • Rental Property Investor · Mineola, NY · Member since 2014 · 838 posts · 212 votes
    11y

    @Bill Thomas I have a couple good title guys I can refer you to.

  • Investor · New York, NY · Member since 2015 · 50 posts · 13 votes
    11y

    Hey @Bill Thomas

    It all depends on the purchase price but likely in the 3-5K range if its not a short sale.  For short sales you have to include Real Property Transfer Tax which is roughly 2% of the sale price.

    I can connect you with my title company who i've used for purchases in the BX as well, hit me up if interested

  • Real Estate Investor · Mamaroneck, NY · Member since 2015 · 20 posts · 4 votes
    11y

    Hello Matt Lane,

    I'm definitely interested in finding a good title company. Thanks for responding to my post.

    Best,

    Bill 

  • Real Estate Investor · Mamaroneck, NY · Member since 2015 · 20 posts · 4 votes
    11y

    @John Cohen

    Thank you for the title company connection. I really appreciate it.

    Cheers,

    Bill

  • Investor · Member since 2020 · 3 posts · 0 votes
    5y

    Hi, please message me title search companies, as I need to run title on a distressed 2 family in the Bronx & Queens. One deal is in pre-foreclosure and the other deal is in probate. Thank you.  

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