Forum Replies Created
Jay great tks for your post about suit
There are quite alot of people advocate of using llc for buying property for asset protection
Jay do you think is generally ultra difficult to get local or foreign banks line of credit for house owned without any outstanding loan with the owner is not from us? Any alternatives?
People said in usa lawsuits are very common. Would a foreign owner of a house deter the tenant from bringing on lawsuit since the owner is maybe from australia or new zealand since they have to bring their case to the another country?
Does the tax deed sale erase all other liens on the property?
No! There may still be other encumbrances (judgments, priority mortgages, taxes or liens) that survive the sale. The winning bidder takes title to the property subject to all defects, liens, encumbrances and matters of which he/she has or could obtain knowledge. It is the bidders responsibility to perform all research regarding the property, including the value, title defects, liens, mortgages or other encumbrances. The Clerk's Office does not guarantee a clear title and is not responsible for any encumbrances on the property purchased at auction.
Yes Jay you are right about ref of clear houses but the problem is are there lenders in us allowing ref without in person application or are there any companies/banks in au offering ref for us houses? Would be ok to go to au for in person application but not us.
Most of the lender approaching are hardmoney lender and hardly offering 10, 15 or 30yrs ref.
Totally agree with you
Those tax cert auction have companies with huge backing to suck up those cert at low interest.
When you say tax sales are you talking about those auction selling tax deed sales like in florida tax authority? So in florida those deed sales extinguishes those liens other than irs and they would have clear title when a buyer buys them? Read somewhere that deed tax would not have clear title maybe is in some other states. Another thing is there is this final judgement value listed in some houses against the owner. Would buyer be responsible for those judgement value after buying them?
when buyer successful brought a tax deed with many potential liens and loan on do they have to buy title insurance and would title company insure them?
would creditor going to collect money owe from the new owner or they would collect money only when u want to sell the house?
Does buyer has to qualify llc form in another state to buy RE in florida? Qualification rules include like the llc has a warehouse in florida and ship product from the warehouse to customer. But buying RE with llc does not have a selling or present presence in florida.
If require for qualification arn't owner has to pay double cost in term of filing cost, agent and other fees to maintain biz in florida?
Does llc has to apply for license for buying RE?
There are some loan contacts/offerings for non us investor like citius. Do the investors have to travel to us to apply or a llc bank acct would do the procedure online?
Is searching public record would be sufficient to prevent existing debt issues associate with the property? would those mechanic leins irs leins or any other liens turn out in the public record? There are some buyer buying bank owned or gov property. Would they alienate those liens and warrant a "sure" reselling title?
JLH thanks for the reply. Would not be too night when the escrow company or title insurance company provide the buyer the information about liens existing loan and other debt when the house has been purchased? For buyers who are interested in us properties arn't they going to order title search service from title insurance company EACH time they interested in a particular house? And if the search came with substantial amounts of owed amount buyer may have to discard the purchase and prior any purchase the search service cost would make your pocket hole. Would you elaborate abt llc and title policy? llc does not seems to protect buyer from these liens and debt or is wrong? Even buyer is protected it also does not give the house a full title when selling in the retail market in full market price
Have a few questions about buying us properties
1) When buying a house with existing liens on does the owner allow to sell the house in full market value or the liens must be settle?
2) How to verify whether the existing loan on the house is allow to take over?
The houses are purchase without loan
Does united states has any lenders offering loans using fully paid properties?
Without going there?