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Traditionally, when buying at a foreclosure auction, the buyer is unable to obtain title insurance for the purchase. By not having title insurance; the investor risks additional liens or encumbrances on the title which only serve to delay or eliminate the possibility of a successful “flip” of the property.
In this episode we discover a solution to this common problem that could literally revolutionize the foreclosure auction purchase experience. Kevin Overstreet is the President of Insured Title Agency which is a nationwide title company located in Tampa, FL. He and his team have been instrumental in the success of Cash Flow Guys and this most recent solution brings even more value to the table.
Kevin, through his long standing relationships with his title insurance underwriters, now has the ability to issue title insurance policies for auction properties. Now, the investor has the ability to purchase title insurance after the purchase (which is usually not allowed).
As an rehabber or flipper, the ability to convey a marketable title is a critical component of the process.
If you buy properties at foreclosure auctions and need more information on how this program works, reach out to Matt at (813) 855-3585.
Ready to take your investing career to the next level? Go to CashFlowGuys.com/Coach and schedule some time to talk with Tyler about taking your investing career to the next level.