Title and escrow are the least covered topics in wholesaling houses. However, it is important to understand the escrow process because the power of this process can’t be denied. Read on to learn all the details about the escrow process: Understanding the Escrow Process Here’s how a qualified escrow company will do for you in … Read more
When planning to buy a house at a foreclosure auction, it’s essential to know of there are any liens on the property. So how do you investigate foreclosure liens? Liens to Look for When Buying a Foreclosure Auction Property There are multiple types of liens that can be placed against a property which. You should … Read more
Is it possible for a contractors lien to cause a house to go to foreclosure auction? This question is answered in detail here. Can a Contractor’s Lien Cause a Foreclosure? The answer is no. A contractors lien cannot by itself cause a house to go into foreclosure. A contractor can put a lien on a … Read more
Wholesaling houses has truly become one of the best ways to get into the real estate investing industry. However, when it comes to real estate wholesaling many people wonder if a real estate license is a must to get started. The simple answer is no — you don’t need a license to wholesale houses. You … Read more
So you are about to complete the purchase a property at a foreclosure auction and have been given a quitclaim deed for the title. But is it a clear title? What is a Quitclaim Deed? A Quitclaim Deed is a commonly used instrument for transferring titles. This deed is sometimes mistakenly called a “quick claim” … Read more
The concept of wholesaling houses revolves around making money out of distressed properties. They are completely opposite of MLS (Multiple Listing Services) properties. MLS properties are retail properties that are sold to retail buyers through either cash or financing. Most often, these properties are sale and move-in ready. However, that’s not the case with distressed … Read more
When dealing with real estate wholesaling, the first part of the process is to draw up a contract. This contract is also known as a ‘Purchase Agreement’ and is made between a motivated seller and a wholesaler. It gives the wholesaler the right to have control over selling the property. It also lays out the … Read more
Finding a great real estate deal can be time-consuming. But if you’ve successfully surpassed this obstacle, then sit down with the seller to explain your intent and put the house under contract. At this point, you can make your offer to the seller, but you need to explain your intent to them. This will help … Read more
Whether you are a seller or a buyer, when dealing with a short sale house, it can be complicated to deal with liens. Knowing how to eliminate liens on a short sale house can help alleviate these issues and speed up the purchase. Why You Must Eliminate Liens From a Short Sale House It is … Read more