Avatar's Blog
» Getting Title for a Hard Money Loan
If you are purchasing property, you will need to get clear title to the property in order to close the deal. If you already own the property, you got that title and a survey when you closed the deal. Find those documents. You will need to obtain a new set, current and signed, for the Avatar hard money loan you are requesting.
Choose a nationally recognized title company. If you have several choices in your city, ask for pricing - it can vary substantially and there is no reason to pay more than necessary. However, do not choose a title company without asking Avatar if that company is acceptable. Not all title companies are the same - they vary in competency and speed, as well as price. You will need a thorough title and survey to be acceptable for closing - and, like all documents, be sure guarantors all sign them before sending them to Avatar.
