All Forum Posts by: Alex Locklear

Does title seasoning start once a purchase contract or option has been recorded?

Does Title Seasoning start once an option or purchase contract has been recorded?

Anymore info on this? I live in the Raleigh area and would love to hear about some good opportunities.

Nick,

Great idea to have RE agents/mortgage brokers bring you leads...what do you do for them in exchange for these leads?

How do you avoid title reasoning when doing a double close?

Can anybody explain how to go about finding where the most houses in a certain area are selling?

Thanks so much

I have someone who is willing to let me assume their loan.

I currently have the place under option and want to find someone to take over the loan and assign my option for a fee.

What is the process of taking over an assumable loan? Do any lenders have to be contacted? Or can this be done without ever speaking to the sellers lender?

Thanks

I have a property that someone is willing to let me assume the mortgage on.

I want to know if there's a good chance I can assign this to an investor since there is no need to qualify for a loan and there would be no down payment or closing costs? What would be a good assignment fee on something like this? The house does NOT have tons of equity; hardly any. But it is also in great condition and perfect for a rental. Mortgage payment is around $890/month and rents go from $1000-1100/month in the area.

Also, could I find an actual home buyer and make them put down a down payment and collect that as my fee?

A local wholesaler has recently taken title to a property he was trying to wholesaler for quite sometime. He informed me that he was still trying to sell the place although he has just taken title.

I have now FOUND a buyer and want to proceed to closing with him. What issues will I run into with title seasoning since the wholesaler has only owned the home for a week now?? How can I avoid title seasoning?

Thanks in Advance.