Baltimore city delays in recording title
Hello BP.
someone might have a tip for me
I just recently bought Few rentals in Baltimore MD. Was planing to refinance them right away to keep my BRRRR strategy moving.
And now found that city is about 12 months behind with title transfer recording.
So I can actually have two question here
1
is there a way to expedite title transfer recording with the city?
Or
2 Do lenders always looking to have a record at city database or there might be alternative ways to prove my ownership and actually get approved for Loan.
Any directions will be greatly appreciated.
Regards Nikolay
Most Popular Reply
1. No.
2. Maybe. When you tendered funds and the seller signed the deed, you obtained equitable title. A title commitment could be issued indicating said ownership. If that’s good enough for your lender, you are clear.
- Tom Gimer
