All Forum Posts by: Todd Willhoite

You need an abstract so a title examiner can determine if the seller has title to convey without any title issues.  Even if you are getting title insurance, the title company needs someone to examine the abstract.  It depends on your abstract company on how fast they can update an existing abstract or make one from scratch (more expensive.)  I just closed a deal in Rogers County, Oklahoma in 11 days from the time the contract was signed.  

You may want to look at 21 OS 446 which makes it a felony to "conceal, harbor, or shelter from detection any alien in any place within the State of Oklahoma".  I don't practice criminal law so I can't provide any advice on this law or how it may be interpreted.

Welcome.  This is a great place to hang out.

Welcome, this is a great place.

Welcome from a fellow Oklahoman looking to buy his first rental property.

@Raymond B.  Thanks Raymond, I didn't know how that worked.

I agree with @Nate Garrett, market rates are closer to $950.00 in Claremore for a 3/2/2.

@Joe Villeneuve Do you have any problems with the refi out?  I had a banker tell me they wouldn't lend more than 80% of what I have in the property.

Bank has already sold it.  They said they had many inquires.  This market is competitive.

Thanks, I have the banks number and will try them tomorrow.  Not much to lose, except the time involved.