Newbie help needed - Posted by Thom D

Posted by Jim IL on November 16, 2000 at 03:47:06:

Thom D.,
Yes, you should get all the docs notarized, especially those that get recorded.
Then again, nothing with your name on it should be recorded.
The notarizing of them just makes me feel more secure.
As for the title search, I do my own, but have used title companies in the past, and probably will in the future.
When you request the title search, simply tell the title company to “Rush” the search.
They can get it done in a couple of days usually, unless they are backlogged.
Title insurance only takes a few days as well.

Try to use one of the bigger national title companies around and you will get faster results.
I like First American and Chicago Title myself.

Good luck to you, and congrats on your deal,
Jim IL

Newbie help needed - Posted by Thom D

Posted by Thom D on November 15, 2000 at 23:47:27:

Had a seller sign the purchase and sales agreement along with all other documents needed for the subject to transaction. This person is out of state and had their signatures notarized where indicated to do so. I had not signed any documents. Now, when I get these documents back, do I need to have my signatures notarized on the documents that require my signatures or not?

Also I know that I have to have the title checked and purchase title insurance, but can I start advertising the house to attract buyers and determine who has the cash and who don’t before I have clear title?

How much does title insurance usually cost? The house is comped at $155,000.00

How long does it take to do these title searches usually?

Thanks for taking time to help this newbie with his first deal.

Thom D