We can help Sergey, my office is in located at 2008 avenue Y (East 21) in Sheepshead Bay. We help buyers getting financing. We work together with Wells Fargo Bank. So if you need to speak with us you can email me at firstname.lastname@example.org or call me directly at 917-443-6295... more
Flood insurance is a confusing thing to understand. Since I am on the NC Atlantic coast we deal with it here daily and I still am confused by it. You can call FEMA and ask them since that is the best way to get a fairly reliable answer, but it is a govt organization, like the IRS, so it will be frustrating. A local insurance agent familiar with flood insurance is also an option to contact.
We don't have sewers here so that problem is not one we face, but rising water from ocean or rain is considered flood. One question is at what level of the house does the flood insurance start. Be sure to ask your insurance agent, it is not always the bottom ground level.... more
If you are trying to post a property for sale, you can't on Trulia. Trulia does not post For Sale By Owner properties. They only post properties listed with a Realtor. So, if you have hired a Realtor, ask them to post it on here for you.
Do you have a Propertyshark account?
Call me anytime if you need further assistance.
8410 20th Avenue Brooklyn, NY 11214... more
I'm sure you have a Realtor.
I'm sure he told you to include an Inspection Contingency in your Offer.
I'm equally sure that you have not released the Inspection Contingency.
I'm sure you're Okay.... more
Title insurance was mostly likely purchased when he bought the house. Do consult with an attorney for this advice.
Try calling Darren Sheehan, Esq at (516) 860-8906
He will be happy to answer your question.... more
I would first recommend you get an attorney. As well, contact your local homeownership center for the latest information. Check with your local Neighborhood Housing Services (NHS) for free information and assistance. There is one in Brooklyn.... more
I have not heard of the term Title Insurance Survey, but I think you are referring to doing a survey of the property. Often times these days buyers may not do a survey because banks do not always require it and they want to save the money. When you own a home you also own a legal bundle of rights. When you and/or your mortgage banker buys title insurance, the title insurance protects those rights and your right to use the property as your own.
Often times a mortgage banker or buyer attorney or buyer him or herself will want to do a physical survey of the property to make sure that a) the property is what it is supposed to be phsyically and b) to make sure there are no encumbrances on the property. This can be very important because if the property is not what it is supposed to be physically or if there are encumbrances, it can effect the value of the property and is not covered with regular title insurance.
Hence, by doing a survey, you can make sure there are no issues before you actually own the property. I have witnessed buyer's attorneys request a survey from the current homeowner/seller. If the seller has one and if it is not too old it may suffice as long as there have been no physical alterations done to the property since said survey was done.
If you are a gambler you may not need it. If you want to make sure you do not have headaches later, just do it now. It is sometimes a matter of personal preference. What did your attorney advise you?
If I can be of further assistance, please let me know. Good luck!
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com... more