All Forum Posts by: Thomas Oberman

@Dan Barli thanks Dan. the title work is an additional $175. I’m in FL. I see settlement statements fairly often, but these fees seem high.  They have my earnest money, is it possible for them to charge me if I don’t go through them? 

I won a home off of auction.com a few days ago. I selected the title company that they recommended because I figured in this situation it may be easier.

I have purchased several homes and typically the settlement fee from the title company is $500 +\- $100, I was expecting a similar cost. This title company’s settlement fee is $1200. I spoke with them and told them that I was going to use a different title company, at that point they said their fee would still be $800 if I don’t use them or an additional $400 if I close through them. Does this seem crazy or is this common?

Thanks for the feedback!

I invest in SFR under $250k per home. I keep $7000/door in reserves available. When CAPEX occurs, I replenish. I have not been burned with this set up yet, but as I tend to over analyze situations, I do have a HELOC tied to a rental just in case I need extra $.