 Buying Property via Aucti (by Lisa [FL]) Sep 9, 2014 2:19 PM
 Buying Property via Aucti (by JR [ME]) Sep 9, 2014 2:34 PM
Buying Property via Aucti (by Carolyn [MO]) Sep 9, 2014 3:22 PM
Buying Property via Aucti (by Susan [OH]) Sep 9, 2014 3:26 PM
Buying Property via Aucti (by Dave [MO]) Sep 9, 2014 4:25 PM
Buying Property via Aucti (by lisa [FL]) Sep 9, 2014 5:04 PM
Buying Property via Aucti (by Robert J [CA]) Sep 9, 2014 10:09 PM
Buying Property via Aucti (by LiveTheDream [AZ]) Sep 9, 2014 11:25 PM
Buying Property via Aucti (by gevans [SC]) Sep 10, 2014 4:46 AM
Buying Property via Aucti (by Pattyk [MO]) Sep 10, 2014 6:19 AM
Buying Property via Aucti (by tryan [MA]) Sep 10, 2014 6:22 AM
Buying Property via Aucti (by Cathy [MO]) Sep 10, 2014 9:01 AM
Buying Property via Aucti (by BRAD 20,000 [IN]) Sep 10, 2014 8:13 PM
Buying Property via Aucti (by Lisa [FL]) Posted on: Sep 9, 2014 2:19 PM
Message:
State Specific Question About: FLORIDA (FL)
I bought a property from an online auction site. They want to do the closing from Premium Title Services in Atlanta, Georgia. When I call the company the call goes to an office overseas in India. Has anyone dealt with this company before? How will we know if the funds will go to the right place because it is a mail away closing. How can we verify this is not a scam? --65.33.xxx.xx |
Buying Property via Aucti (by JR [ME]) Posted on: Sep 9, 2014 2:34 PM
Message:
I bought a house from Auction.com last week. They sent a Notary to my office to sign the papers. Try contacting the auction site and request an in-home signing. --24.31.xxx.xx |
Buying Property via Aucti (by Carolyn [MO]) Posted on: Sep 9, 2014 3:22 PM
Message:
I bought a house at an auction in late June. The closing was at the office of an area title company. I would feel uncomfortable with your siutation, as you are. --23.228.xxx.xxx |
Buying Property via Aucti (by Susan [OH]) Posted on: Sep 9, 2014 3:26 PM
Message:
It would help if we knew which auction house you bought from. When we bought from Williams and Williams,it was a closing as you described. Not overseas, but in California. It was a real pain. --74.141.xx.xxx |
Buying Property via Aucti (by Dave [MO]) Posted on: Sep 9, 2014 4:25 PM
Message:
Lisa, do not close on the house unless you are able to close in the same state the house is located.
In my situation, it was a foreclosure property and a local title company observed the closing that was done with a title company from Tennessee, who did the title search.
Well the title company in Tennessee missed an important loan.
Long story short it got worked out but it had the potential for a bad outcome.
Always use a local title company.
Is the property in Atlanta or Florida? --174.126.xx.xx |
Buying Property via Aucti (by lisa [FL]) Posted on: Sep 9, 2014 5:04 PM
Message:
Susan -we bought this house in florida and through HUBZU
AUCTION SITE .
--65.33.xxx.xx |
Buying Property via Aucti (by Robert J [CA]) Posted on: Sep 9, 2014 10:09 PM
Message:
I have purchased all types of properties in my 35 years of real estate investing. Unless I receive a copy of the escrow companies paid active insurance policy and then personally contact the insurance company and get a written confirmation that my transaction is covered and there can be no cancellation without 30 days notification -- I WILL NOT FUND ESCROW AND LET THE DEAL DIE DEAT IN IT'S TRACKS!
This holds true for the Title Insurance Company and related policies.
If not, I would have lost half a million dollars on one exchange deal. The insurance was terminated and the escrow company filed for bankruptcy, taking 50 million dollars of clients money.
--173.55.xx.xxx |
Buying Property via Aucti (by LiveTheDream [AZ]) Posted on: Sep 9, 2014 11:25 PM
Message:
With the exception of one deal with Wells Fargo that we did by fax I've always had in person closings at an office.
One nice thing about having my own office is being able to meet people in a business environment. I like to bring people into my home court where I'm in the power position. --24.156.xx.xx |
Buying Property via Aucti (by gevans [SC]) Posted on: Sep 10, 2014 4:46 AM
Message:
I've bought several at various auctions, but so far the worse was HUD houses going through another state lawyer.
That was bad enough... I can't imagine the added layers of trouble you could find going through India! --141.129.x.xx |
Buying Property via Aucti (by Pattyk [MO]) Posted on: Sep 10, 2014 6:19 AM
Message:
i'm thinking that is a red flag,,, what would anyone in India have to do with a paperwork closing on a house deed in florida... perhaps the owners are from there or live there but the paper work ? your deed must from state side. you are wise to question --173.157.xxx.xxx |
Buying Property via Aucti (by tryan [MA]) Posted on: Sep 10, 2014 6:22 AM
Message:
Most of what I have was purchased REO ...I would pay an attorney to do the title search and perhaps the closing (depending on what the title search produced).
--24.147.xx.xxx |
Buying Property via Aucti (by Cathy [MO]) Posted on: Sep 10, 2014 9:01 AM
Message:
I have questions about the auction. Do you have a agent to bid on Hubzhu? Do you pay 4% to hubzhu or to you agent? --96.35.xx.xx |
Buying Property via Aucti (by BRAD 20,000 [IN]) Posted on: Sep 10, 2014 8:13 PM
Message:
India. Get used to it.
Many of our calls already go there, they have worked on better American accents.
--67.175.xx.xxx |
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