All Forum Posts by: Jesse Ramirez

Anytime the bank requires that we use their title company(and they do most of the time), we just have our company get with the banks title company to set up the courtesy closing. Our title company handles all the deed recordings and money transfer issues and it isn't a problem.

Thanks for clearing that up guys. The in-depth analysis and opinion's you guys constantly offer on this forum is better than anything I've found at Barnes & Noble. By Far!

Please excuse me if I come off as a bit ignorant, but what exactly do you mean by this? I'm still a bit green when it comes to commercial terms and strategies and could use the schooling on this.

Got it Bill, Thanks.
It's a type of policy that I've never seen or been presented with in the past. Thanks for spelling it out for us young guns who haven;t dealt with it before.

Never mind. Apparently Tim answered my question while I was typing up my question.

Ok, I'm a little confused here guys. When you say -

"Very close. He had it insured to 100% of "a" value. It's a common mistake for investors to make."

What do you mean by that?

I agree with Bill on this one. It seems like a pretty easy fix. Why not do it yourself and save a few bucks? It'll cost a couple hours of your time, but the dividends paid as far as knowledge and assumed savings in the future will outweigh the cost in my opinion.

I ran into the same problem recently and it sucks. There's a website called intelius which allows you to do unlimited people searches in a 24 hour period for only about 25 bucks. Many times the number(s) provided are dissconnected. Fortunately this site also provides relatives of the owner(along with their number), which helps tremendously.

Well then your most likely competing against retail buyers. Most retail buyers stay away from the "pigs" that need work. At least from my experience.....

Welcome to the rat race. Reo properties are very competitive when priced low. I try to avoid the bidding war by going after properties that have been on the market for a long time and offering quite a bit below asking.