A quit claim deed is what you are referring to, there is no such thing as a quick claim deed. All a quit claim deed does is state that the person granting the deed to the grantee has no ownership in it. This in no way absolves any liability to mortgages or other obligations previously filed. In a divorce situation if the wife gets ownership and refinances the home into her name only then a quit claim deed will remove the deeded interest and the security deed will be cancelled. Speak to a real estate attorney to discuss your options.... more
As more and more clients are purchasing investment homes from a distance, and getting far more savy researching online, I would say most buyers now expect virtual tours. Especially for higher end properties that perhaps take longer to sell, have more competition, and are more unique. Also many search engines will ask if you want to see only homes that are on virtual tours, you will be cut out of the group!... more
Good question Thomas. Most of this depends on the number of investment homes you plan to buy and liability implications. As an owner, you are 100% liable for everything. If you place the property in an LLC you sometimes limit the liability to the LLC only. If you are buying with cash, this is easy to do, just establish the LLC and when you close, buy it under the LLC. If you finance it, the bank will have some say in the deed, speak with the lender and find out what they require. If you plan to buy 10 or more and have a management company with employees, incorporate. As always, speak with tax and legal professionals before you do anything. John Adams here in Atlanta has some great advice for investors, I would suggest you check out his information at money99.com.... more
Who cares if it was foreclosed or not, that makes no difference now. It is for sale by someone so contact a local Realtor to help you with it. The seller pays their commission, not you, so the Realtor is free for you so get one.... more
First step is undeniably speaking with a mortgage broker and getting pre-approved . Pay attention to the costs of the loan, the points being charged for obtaining the loan as well as interest rates. Ask for a good faith estimate of all loan costs.
Buying a home is a complicated process and there are few organized resources for learning it. There are books on the subject that can be helpful. I recommend working with a Realtor who specializes in serving first time home buyers. A good agent will educate you along the way.
You probably will need to unsubscribe and then think more carefully about how you want to receive listings in the future. I find zip codes are the best tool in this area, because Miami is so large, searching on city names is frustrating and not very helpful.
Keyes Real Estate
It would help because secondary loans on your house, will have lowering priority of lien, meaning that the latest loan would be last in line should you default and the loan needs to be repaid with sale proceeds. Eliminating the other second loans will mean this new loan will not have as many liens ahead of it in priority.... more
There are quite a few townhomes in Boynton Beach. It is just a matter of finding the right one for you. Give me a call at 561-315-0647 to answer a few qualifying questions and I will start working for you.
I live in Boynton Beach and I know the area well.
Keller Williams Realty
Most reputable lenders will request copies of your tax returns; it is wise to provide lenders info they are requesting, because they are trying to help you. If you withhold info, they cannot help you!... more