News for Real Estate Investors and Landlords — creative financing
Posted by 15789465 on
There's been a lot of comment activity for my prior post about buying a property "subject to" a mortgage. One recurring issue involves clear title. I just checked with Dwight Blair, of Blair and Parsons in Pell City. They write a lot of title insurance. I've known Dwight and his law partner, Elizabeth Parsons, for a long time, and trust their opinions. Dwight said that as a general matter, his firm would not have any problems writing title insurance on a "subject to" transaction. He did warn that specifics of a particular deal might cause a problem, though. He couldn't...
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- Tags: Banks and Other Lenders, creative financing, Financing Investment Property, mortgage, no money down, subject to