Title Searching and Other Research

I have a lot of respect for title companies. I have found them to be very reliable through the years. They do a great job of getting the papers ready for closing and getting needed research done. The requirements for a title company are very strict in most states. Because of that there are very few errors committed by title companies.

Most title companies will not rush a deal just to make people happy. They know and understand the need to get things right. Remember this the next time someone blames the title company. Remember, they are simply protecting all involved.

hello, I just had a quick question about web sites such as Zillow & trulia...

Are these types of web sites good sources for researching comps in the area of particular properties??
If not,.. does anyone know a good site to get comps from??

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A real estate appraisal (also known as a property valuation) refers to the process of valuing property.
Knowing the market value of a property is important for several reasons:

Property value is often used as the basis for mortgage loans
It is often used to calculate property taxes
It is used by seller’s to price the property
It is used by buyer’s to negotiate on the purchase price of property
It can be used to settle estates or divorces
The property that is being appraised is called the “subject property” and subject properties should always be appraised by a licensed professional or certified appraiser.

I have a lot of respect for title companies. I have found them to be very reliable through the years. They do a great job of getting the papers ready for closing and getting needed research done. The requirements for a title company are very strict in most states. Because of that there are very few errors committed by title companies.

Most title companies will not rush a deal just to make people happy. They know and understand the need to get things right. Remember this the next time someone blames the title company. Remember, they are simply protecting all involved.

Does anyone have an investor friendly attorney in Greensboro, NC? I am having trouble finding an attorney that will work with me on assignments.

I occasionally find an article that I feel should be posted here for your review. This one seems to fit those requirements. I often tell people in the program that our second greatest goal is to help you be successful. Our first greatest goal is to help you avoid getting burned. The source information on the article is included at the bottom.

10 lethal mistakes for real estate investors
By Pat Curry

Once the market starts to rebound, investing in real property also becomes a more appealing idea -- either as a career or a great side job. Like any other endeavor, though, there's a right way and a wrong way to go about it.

I had a bird dog bring me a lead on a house that is sitting vacant.

Fixed up the house may be worth $90-100k

Spoke with the owner who says they have a small mortgage and owe 20k. Then goes on to tell me that the roof has collapsed in several parts of the house and the city has a lien against the house that is adding $250 daily to the amount owed.

I asked if I could buy the house,for what is owed and take care of the liens if we'd have a deal. Without hesitation he says "Yes".

So I get on the phone and call the county to see if they'd work with me. They tell me as of the day of our phone call that the property has 109,000 in violation fees against it.

Real estate investors and hard-negotiating consumer real estate buyers alike have experienced a surprise during their process from contract agreement through closing. They have done thorough research, compared many properties, done value calculations, and generally dissected the property to find out everything positive and negative about it. They aren’t “in love” with the property; they’re in love with the “numbers.”

I'm building my buyers list and was thrown off by what a buyer said to me yesterday.

He said
"Now, when you get these properties under contract, you will be buying and putting your name under title insurance before assigning it to me right?"

What did he mean by that?

I ended up swaying around it but still was confused.

Thanks.