There are many common causes of foreclosure. Nonpayment typically is the primary reason why property is foreclosed upon. When I’m representing a buyer of a piece of property, typically I… CONTINUE
Financing a Property, Site Unseen
Is it difficult to get the bank to promise to finance a house or property they haven’t seen? What if the property has defects or you don’t win the auction?… CONTINUE
In a Sheriff Sale, ⅔ of the Appraised Value is the Opening Bid. How Reliable is That Appraisal?
The appraisers for foreclosure auction property are appointed by the court. The appraisals are not reliable and I tell my clients not to rely upon them. A buyer in a… CONTINUE
How Do I Finance a Home Purchase in Advance of an Auction?
It is best to to have the financial means to buy the property without financing in an auction. If you are going to finance it, you’d better have a bank… CONTINUE
Buying Real Estate in a Sheriff’s Foreclosure Auction
A sheriff’s foreclosure sale is a simple auction. The Sheriff has his or her gavel, everyone is bidding, and the highest bidder wins. Typically there is money that has to… CONTINUE
Why Do Realtors Prefer the Roundtable Closing?
My belief is that it’s a marketing point, and I can speak to this because I was actually involved back in the 1990’s representing the Columbus Bar Association as the… CONTINUE
Types of Defects Covered by Title Insurance
There are a whole host of defects that can affect real estate that are protected by title insurance. For example, it could be an old lien that didn’t get released…. CONTINUE
Different Types of Real Estate Closings
There are two types of real estate closings in Ohio: Roundtable closings and Escrow closings, and in Ohio, you can have either type of closing anywhere in the state. Certain… CONTINUE
Title Companies and Closing Protection Letters
There are title companies and there are title agencies. Title companies are the actual insurance company, and typically you want a national company that is the insurance company insuring the… CONTINUE
What is Title Insurance?
Title insurance is insurance for which only one premium is ever paid. It insures you for certain deficiencies in the title of the property in a real estate transaction. You… CONTINUE
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