Re: Subject To deals - Posted by Jim FL
Posted by Jim FL on July 13, 2001 at 04:48:27:
Brian,
How are you sir?
Long time no speak.
In case you are wondering, this is the investor formerly known as “Jim IL”, now in Florida.
Anyway, I’ll take a stab at your post;
Q:“1) I was wondering if those of you who have done these types of deals are able to close your deals at the “Kitchen Table” or do you usually go to a Title company to close?”
A: In Illinois I did them myself, but only because I knew how to thoroughly check title myself. Until I learn more here in Florida, I’ll probably use a title company.
Q;“2) If you do “Kitchen Table” deals, how to deal with getting the paperwork notarized.”
A: Simple, take one along with you, or close when there is some where open who has a notary. Banks, currency exchanges, attny’s, police dept.'s, some stores, and mailbox places, and there are even travelling notaries in some areas.
Q:“3) If you go to a title company, do you use an attorney?”
A: I’d say “Depends”, but if you are not 100% saure of everything and how it works, get one, a closing in Illinois should not cost you much in the way of fees to a lawyer. I used to get em done for $300-$350, and this was even for a simultaneous close. (one fee for both.)
Anyway, I hope this helps a bit, and drop me an e-mail off the board, would love to catch up a bit when we get time.
Take care,
Jim FL