All Forum Posts by: Scott Wolf
Scott Wolf has started 43 posts and replied 1797 times.
Post: Are loan closing frozen in NY because of COVID?
- Lender
- Boca Raton, FL
- Posts 1,917
- Votes 932
@Joyce Williams some have slowed down due to less workforce at county offices, but closings have by no means ceased in New York.
Post: Title Company alternatives?
- Lender
- Boca Raton, FL
- Posts 1,917
- Votes 932
@Shanai Rogers title insurance has been deemed essential in most states. Unless it's different in CA, I'm sure they're still open. Have you called any to see if they are? My firm is still operating, just with 90% WFH.
Post: Closing with a tenant - westchester NY
- Lender
- Boca Raton, FL
- Posts 1,917
- Votes 932
@Erica Howard why did you want the house delivered vacant? A section 8 tenant is a great tenant has the monthly rent mostly guaranteed by the government. Evictions are extremely costly and time consuming in NYC. I have a LL/Tenant attorney I can refer if you need advice.
Post: 348 S Service Rd, Center Moriches NY
- Lender
- Boca Raton, FL
- Posts 1,917
- Votes 932
Bravo @Gloria Calderon!
Post: HML in Hudson Valley NY
- Lender
- Boca Raton, FL
- Posts 1,917
- Votes 932
I have NY based HML if you'd like their info. Feel free to PM me.
Post: Organizing a 50/50 Partnership for Our First Rental Property
- Lender
- Boca Raton, FL
- Posts 1,917
- Votes 932
Originally posted by @Jacob Ruppal:
Thanks, @Jacob Sampson. If I'm understanding you correctly, it sounds like the only part of the transaction that would be any different is in our dealing with the title company at closing. I assume that this is a process that most title companies are familiar with?
We plan on linking up with a real estate attorney and CPA in out in area who have experience working with real estate investors, just to make sure that our ducks are in a row before we start.
Some banks may also change their lending parameters, despite the personal guarantee. A Chase or BOA may not even lend on it, but a smaller local bank will.
Good luck!
Post: TODAY - New York Protocol for Remote Closing Zoom Webinars
- Lender
- Boca Raton, FL
- Posts 1,917
- Votes 932
Hi all,
I hope you and your loved ones are staying safe, sanitary, and sane during this difficult time. Please know we are here to help however we can.
TitleVest will be hosting two Zoom webinars to discuss remote closing procedures as they pertain to NY Executive Order 202.7 (Audio Visual Online Notarization = AVON).
Please register via the links below:
- Tuesday, 3/31/20, 4-5PM: This webinar will discuss residential transaction protocols in relation to AVON. Please use this link to register: https://zoom.us/webinar/register/WN_NSGQG4vyR5-uN0prcgyVpw
- Tuesday, 3/31/20, 5-6PM: This webinar will discuss commercial transaction protocols in relation to AVON. Please use this link to register: https://zoom.us/webinar/register/WN_W7u39yMzSgODgx_g149Agw
We are here as a resource in any capacity, and we are eager to help you facilitate your business practices however we can. Please feel free to reach out with any questions or concerns. We look forward to your participation – thank you for your interest.
Best wishes for a healthy and safe next few weeks.
Thank you,
Scott Wolf
516-458-2855
Post: How to structure JV on apartment building deal / private lending
- Lender
- Boca Raton, FL
- Posts 1,917
- Votes 932
@Josh Thomas, I could make an introduction to bridge lender, as that seems to be the type of relationship you're looking for. Let me know if that would be helpful.
Post: Buying title insurance a year later?
- Lender
- Boca Raton, FL
- Posts 1,917
- Votes 932
@Joshua Corwin you need to contact a title company that operates in your area. Where are you located?
Post: TX closing during corona
- Lender
- Boca Raton, FL
- Posts 1,917
- Votes 932
@Eric W. your biggest issue may become counties closing, and how your title companies handle it. Are they adding in execeptions to cover both you and them? Are they treating the closing of the county the same as a long weekend in regards to recording. You should call them and have an convo with them.