All Forum Posts by: ROY NAGAL
ROY NAGAL has started 2 posts and replied 2 times.
Post: How is title insurance handled in Subject-To mortgage deals?
- Flipper
- concord, CA
- Posts 2
- Votes 0
Roy Nagal of Vallejo, CA 94591. 12-29-16.
A motivated seller agrees to do a Subject-To existing loans with me. My exit strategy is to find & install a Rent-To-Own Tenant/Buyer in a Lease With Option To Buy scenario. When closing the deal with the seller, how is the title insurance handled? What are the PROs & CONs whether to buy it or not? Can I (the REInvestor) use funds from the T/B to buy title insurance? If so needed or recommended, what TYPE of title insurance should be purchased? Thanks.
Post: Finding, using Residential Mortgage Loan Originatos for deals.
- Flipper
- concord, CA
- Posts 2
- Votes 0
Roy Nagal of Vallejo, CA 94591. 12-29-16.
When doing deals between the seller of SFRs and the buyer and me (the REI) . . . whether it is a Sub2, Option Assignment, Land Contract, Lease Option, AITD or Seller-Financing . . . where & when are Residential Mortgage Loan Originators used ? If so, how do you find local RMLOs? What are their typical Fee Schedule? Will using RMLOs satisfy the Dodd-Frank Act?