HomeVestors has made special arrangements with major local title companies to handle our transactions. In most cases the cost of title expenses is paid for by HomeVestors. Because many of the homes we purchase have been owned by the same seller for quite some time or have been inherited, certain title challenges commonly crop up. We are convinced that the title experts we have selected can resolve almost any repairable title problem in the most efficient manner. Our approved title companies have helped solve hundreds of estate and lien problems.
Vacant houses pose potential problems for any seller.
A vacant house is difficult, if not impossible, for the average homeowner to insure for more than 60 days. When insurance is available, the rates are usually very high, even prohibitive. Vacant houses are common targets for vandals and thieves and are also prone to deteriorate faster with time than an occupied home. Meanwhile yards must be maintained, taxes, insurance, mortgage payments and other expenses must still be paid. Even if the property is owned free and clear, sellers must consider the value of investment potential or interest rate that could have been earned on monies received from a quicker sale.