That’s what I was thinking. It’s just that the so called “professionals” in their respected fields seem to have NO clue. I figured it was that simple as I was posting. But who am I, just a little RE investor who doesn’t know any better.
I purchased a property sub 2, waited my 3 months, now in the process of refinancing. Everything has been perfect. I purchased for $20k the appraisal came in at $50k. The only thing between me and a good chunk of my equity is the fact that no one can figure out who did the last abstract. When I purchased the prop I took a chance and didn’t get title work PROFESSIONAL done (I know, I know). The seller can’t remember the attorney or title company he used 20+ years ago. What can I do to get this done? HELP!
Who cares? Just order a new one or most likely the bank will require title insurance anyway so just get them that.My suggestion is to build a relationship with the title company yourself if you intend to keep doing this. call me at 518-630-0110 if you have questions. I am also in NY