CAREI Coaching by Bill Bronchick
Gives Practical Tips on Property
Bill Bronchick provides excellent CAREI coaching on property
recording system. His excellent CAREI coaching gives practical
tips on property recording. If you are trying to find out how much
someone paid for a property, simply read the edge of the deed.
The recorder usually prints how much transfer tax was paid on the
margin of the deed.
If you know the tax rate for transfers in your county, simply do
the math backwards. This way you will discover what was paid
for the property, even if the purchase price is not stated on the
The most common indexing system is by grantor (the person
conveying an interest, usually the seller or mortgagor) and
grantee (the person receiving an interest, usually the buyer or
mortgagee). All documents conveying property or an interest
therein (deed, mortgage, lease, easement, etc.) are recorded by
the grantor's last name in the grantor index. The same
transaction is cross-indexed by the grantee's last name in the
grantee index, exclaims Bill Bronchick.
In his CAREI coaching, Bill tells about recording statutes in each
state, which dictates who wins in a battle over ownership. Most
states follow a "race-notice" rule, which means that the first
person to record his document wins, so long as he received title
in good faith, and paid value, and had no notice of a prior
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About Bill Bronchick
Bill Bronchick, CEO of Legalwiz Publications, is a nationally
known attorney, author, entrepreneur, and speaker. Mr.
Bronchick has been practicing law and real estate since 1990,
having been involved in over 1,000 transactions. He has trained
countless people all over the United States to become financially
successful, speaking to audiences of as many as 16,000 at "Get
Motivated" events sharing the stage with names like Rudy
Guliani, Steve Forbes, and Colin Powell.
His best selling book, ‘Flipping Properties' was named one of the
ten best real estate books of the year by the Chicago Tribune. Bill
Bronchick is also the co-founder and President of the Colorado
Association of Real Estate Investors and the President and
Chairman of the College of American Real Estate Investors.