All Forum Posts by: Tom Sutherland

Hey All, I am looking at a property on Auction.com and wanted feedback about the website. Also I had a few questions.

First, it gives an option for me to get title insurance on said property. But it also shows title info on the listing. Everything in the title info shows quitclaim deeds. Normal?  

Second, if I put the deposit down to bid and don't win how long until I get refunded?

Third, what's the timeline to come up with the rest of the funds if you are the bid winner? Is closing in a week? 2weeks?

Fourth, it doesn't show any other fees except escrow. I checked the treasurers site and it shows taxes paid so what other fees am I looking at?

Thanks for any replies.

Tom

Interested in a reply.

Yep, decorative concrete overlay. They have stamping and spray coat overlays that greatly improve resale value

Tear of the casing. Apply this. http://www.homedepot.com/p/Custom-Building-Product...

Then tile over both the jamb and casing area.

Also apply the paint on rubber membrane before putting any tile or coriander.

it Illinois if you are on well and septic an inspection is required for the sale of the property. It's a health department thing. I'm sure it's probably the same in many states. Honestly the septic guy just pumps out the tank and verifies a positive flow away from the tank towards the leach field.

usually the people down at records will help you. Take a box of donuts and coffe with you. Explain your scenario with them and they will show you the ropes.

Go to the areas recorder office and do a records search.

I'm not an accountant but from what I know an LLC and you as an individual don't make any difference for tax purposes. Keep track of your expenses properly and write them off at tax time on a schedule c. Make your LLC when you get time but take advantage of the credit available to you.

An accountant will answer everything better for you but like I said Kevin Beck and KB homes LLC still pay the same taxes.

You own the house free and clear. If you have good credit use the house as collateral IMO. Why pay 12% when you can pay 3-4-5?