Fractional Dutch Auctions of Commercial Income-Producing Real Estate Properties - TIC Plan Ownership Syndications

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Due Diligence Documentation "Exhibit P-2"

Title Insurance Documentation

The following notes are provided pertaining to this exhibit:

  1. What: title insurance provides coverage in the event some contest for ownership of the real property and improvements should be made against the Syndicate investors and/or Developer/Sponsor.

  2. When: title passes upon the closing of a successful syndication.  The title company will provide a specimen policy with all schedules prior to closing.

  3. Why: there must be legal ownership of the real property and improvements conveyed to Real Estate Plays Dot Com, LLC that, in turn, will sell units of fractionalized ownership for the sum of $25,000.00 per unit to the buying public that is defensible to all claims; the title insurance provides that measure of safety.

  4. Where: the Developer/Sponsor's title company will provide an electronic record.

  5. How: a draft copy of the proposed title policy is provided to the Syndicate's counsel during the pre-construction phase prior to commencement of the actual syndication.

  6. What's important: the form of title insurance and exclusions must be acceptable in that it provides for recovery by the Syndicate under certain conditions.

For more information, please contact us at 832.659.5009 or via email at info@realestateplays.com. 

 

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15519 Dawnbrook Drive, Houston, Texas 77068

Telephone: 832.659.5009

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