All Forum Posts by: Neil Aggarwal

Everything is negotiable.

If your house is paid off, that is an asset that can be collateralized.  The problem is that bad credit will scare off most banks.  You are going to have to search high and low, talk to everyone, and see if you can find someone that will agree to lend on it.  You will likely end up paying a pretty high interest rate, but you have to give something to entice a lender.

I think you need to talk to everyone and see what they have to offer.  There is no one solution that will fit all your needs and it is nice to know what options you have.

My reasoning is that 80% of the market does not want a tiny house and I focus on the 80%.

For $360, pay it.  My lawyer charges about that per hour.

I used to have to clean up the pool at my parents house every summer when I returned from college.  You have to shock it with acid, let the stuff collect on the bottom, and vacuum it.

What are you asking for is a comps report which is a function in the MLS system. Zillow does publish some sales data, but I am not sure if they do comps reports.

If the water is still leaking, stop it immediately.  Don't wait for the insurance adjuster to come out to stop further damage to the property.

You do not need an RMLO if you are selling a property to an investor.  The only time you need an RMLO is if the buyer is going to live in the property.

A title search checks if there are any problems with the ownership of a property being transferred to you.  It will discover liens and other items that you will want to ensure and taken care of before you get the property. 

You can do it yourself, but a title company will make sure those items are cleared before or at closing.

Title insurance will cover you for any problems that may arise with your ownership of the property after it is transferred to you.

One example of where title insurance helps is fraud.  We had a scenario where we lent money against a property and then someone out of the blue sued us because they were the legitimate owner of the property.  The person that signed the documents was a forger.  Title insurance covered us for that loss.