Is there a way to buy a home or land without having to go through a mortgage and title company?

Question

Can property be bought cash and put your name in the county record?

Answer 1

Yes , anyone can pay cash ,
No one is forced to borrow via a mortgage .
The title company is the one you have to deal with because their may be liens on the property . (the current owner may still have loans or court judgments and not legally able to sell it because the lien holder hold title )

The title company makes sure the deed is clear of liens . If you give $$$$ without doing that , the false owner can skip town and you will NOT own the property .

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Answer 2

You can buy a home or land without going through a mortgage company. The only reason most people use one is that they don't have the cash on hand to pay the entire amount and need to borrow on the house to buy it.

Regarding a title company, you really should use one. They go through an extensive search and make sure the title is clear (no liens on it) and, when you buy title insurance, they are saying that they are so sure that the title is clear that they will pay any costs you may incur by someone making some kind of claim on the property. If you don't go through a title company and someone has a lien on the property that you don't know about when you buy the property, you can end up losing your property to that person.

Answer 3

Yes, Title insurance is not required if you PAY 100% Cash. It would be stupid not to purchase it though... There are over 70+ reasons that can inhibit your right to use your property. All you need is one and you could lose everything. Be careful!!! A title insurance company will protect you from everything that has happened to the property, up to the date you purchase it. Consider them your attack dogs!!!

Answer 4

Sure. Most places. History is full of stories of fraud. Get a lawyer you can trust. Very easy to get taken, get a survey. Get title insurance. If the seller is wrong, it will be your loss if you don't.

When I lived in Oklahoma my neighbor decided to build a fence and attach to my fence. The problem is that my fence was 2' inside my property. I was never asked or told anything by the neighbor. While the guys he hired were setting the last pole, I wondered out and told them to move it or the fence would go on the burn pile. Silly neighbor. Thought I would not mind loosing my land for his comfort. Know the law.

Answer 5

i think of you like an lawyer. I also have a brilliant form of ideas in this yet they're underlying and not what you pick to pay attention top now. i could be questioning why the brick abode with 14 acres is being bought (is it because of fact of drought?) and in case you plan to farm it because of fact that is agricultural, and is there loss of water or too a lot water. locate out what the concern there is they're merchandising. You term your doublewide a house. whilst that is probable registered as a house for tax applications that is nevertheless like a automobile and could final around 18 years in case to procure it new. in the journey that your FHA mortgage is for longer than 15 years you have been going to be in worry because of fact the placement could be falling aside, so i don't understand if that could be a threat to get a 2nd loan on it, sensibly. There are some states wherein you may desire to get permission to diminish down timber. 2012 is an election twelve months and those election years are continuously complicated on human beings, plus the universal financial device has been poor so i could be hesitant to inform you to purchase, yet working with the cellular abode by ability of giving out an assumed loan in basic terms isn't a thank you to circulate considering you will nevertheless be in charge for that abode if the hot human beings default (which they ok might). once you progression right into a house you may desire to devise to be in there over 10 years. i could say your extra desirable wager could be which you will sell the cellular abode to three senior citizen on your loved ones and supply them a sturdy deal (low or no hire). yet, communicate with an lawyer and a cpa to make particular you're doing it top.

Answer 6

no and its not smart not to have title do a search
you can pay cash and not have to deal with a mortgage company but if you truely want to own the home the title company makes sure the property can be truely yours it makes sure you end up with clear title
thier fees are minimal and you will have clean title

Answer 7

You can purchase the land for cash, but I would certainly recommend having a tile search on it. This verifies that there isn't any liens on the property. Some liens left after the purchase could be your responsibility.

Answer 8

Yes.

Answer 9

only on monopoly.....j/k.....yes.