Where do you close subject-to deals? - Posted by Brad TX

Real Estate Investing
#1

Posted by WilliamGA on February 28, 2001 at 17:25:00:

Brad,

I have closed every subject to I have done at either their kitchen table, a bank, a grocery store or anywhere that there is a notary.

I have all the docs needed to do it on my computer so I just change the appropriate info and print them off.

Buying title ins. depends on the loan. If it is an FHA or VA that isn’t very old and the seller had title ins., I skip it. If there is anything that appears unusual about it, I would probably get it.

WilliamGA

#2

Where do you close subject-to deals? - Posted by Brad TX

Posted by Brad TX on February 28, 2001 at 09:52:04:

Do you close at a title company or is it all done between you and the seller at the kitchen table?

Does an attorney prepare your docs or do you prepare the docs yourself?

Since these are newer homes, do you buy title insurance, have the sellers buy title insurance, or skip title insurance and just do a search to make sure it’s clean?

Thanks for you input!

Brad TX

#3

Last one I did was at the Golden Arches! - Posted by ScottE

Posted by ScottE on March 01, 2001 at 01:27:44:

Good ol Mickie D’s!!