Title Insurance For MH Lot In AL.?
Aquired a QC deed in Baldwin county,AL.
looking to obtain title insurance for deed.
Is a vacant MH lot , all taxes current,
and lot properly foreclosed on, regarding the QC deed. What's the "expected" cost for title insurance to obtain a warranty deed in this part of the country? Thank You in Advance 4 advice & suggestion! :-?
shouldn't be over a couple hundred call and ask the title co. they are nice people easy to talk to and eager to help.......kenmax
Try the Saturday night stock car races..just kidding...couldn't help it.
Scott
Post the numbers and let everyone give their two cents worth
Thanks
HOPE YOU CAN FIND A LENDER ON HUD
HOME . NEED 700 CTEDIT SCORE AND
20 TO25% DOWN HERE THIS IS A
REAL HOME BUYER.
Since July 10th, 2003 I have purchased approx 136 mobile homes, some with land and some without. I currently have exactly 100 occupied units and 36 in inventory (8 of which are pending). I only bring this up so that you KNOW I've lived your problem and beat it. This is my take on your problem;
It would be helpful to know what you've tried already BUT you did not give me that info so I'll shotgun the problem.
1). Realize you are looking for a very savvy investor or you are looking for an uncredit worthy owner occupant who deserves a home...(the reasons for bad credit are understandible, their down payment is high enough you dont care about their credit etc., etc.)
1A). Advertise for your ivestor in the classifieds; i.e. RE Investment, Mobile Home Section, Homes for sale (Regular home section.. break some rules). You can't make a killing selling to INVESTORS - wholesale the deal. leave some meat on the bone for the investor. This could be even more prfitalbe for you if you'll do some work up front. Sell or rent the home to a great owner occupant... even better if you collect a few months to show stability... the more seasoning the more stable the investment for your buyer... the more you can sell for.
Mail postcards to nearby apartments - STOP PAYING RENT! "ONWER FINANCING AVAILABLE etc., etc.
1B). Sell the home "Owner Financed" and then sell the note. an FHA approved foundation is a must if you are going to sell to institutional buyers BUT I buy NONE APPROVED foundations all the time as an independent investor looking for great cash flow.
-Is the home a dbl or single wide?
-What year is it ?(institutions want newer homes... private investor may not care)
-Does the home need work?
-How much work?
-Are you capable financially and/or intellectually to rehab the home?
-What are the comps in the area going for?
-What is the population in the area?
- is there a certain ethnic group prominent in the area? EXAMPLE: if the area is Hispanic, have you advertised in Spanish?
This is a huge subject with many variables. I'll need to know much more about your position in the property, your pressures, your level of expertise, How much time can you commit, and your staying power.
Email me if you need some more help
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