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Please check the FAQ below. If you can't find your question or concern, please fill out the form at the bottom of this page and we will do our best to respond to you in a timely manner.
Q. Where are you located?
A. Silver Discount Properties, LLC is located in Los Angeles, CA. We can be contacted from 9:30 - 5:00 Pacific Standard Time via phone at (323) 230-6673.
Q. Who owns the properties on your website?
A . Silver Discount Properties or a subsidiary owns all the lots that we sell. We are not real estate agents and do not sell property for other people.
Q. Can you meet me at the lot?
A. Not likely because our office is located in Los Angeles, California. We are unable to meet prospective buyers in different states.
Q. Are listed POA, HOA fees and taxes due at Purchase close?
A. No, the fees and taxes will be paid directly to the applicable offices once the deed has been transferred.
Q. What does POA mean?
A. POA is Property Owner's Association, which takes care of the upkeep of the community and its amenities.
Q. What does HOA mean?
A. HOA is Home Owner’s Association, which also takes care of the community.
Q . Why don't you have actual lot photos?
A. Silver Discount Properties acquires new lots often and we do not have time to travel all over the nation to take pictures. However, in most cases, we do have lot photos.
Q. Should I go look at the lot?
A. We do advise all prospective buyers to do their own due diligence as outlined in the Terms and Conditions.
Q. How is the title transferred?
A. We issue General Warranty Deeds, Special Warranty Deeds, Grant Deeds, and Quitclaim Deeds.
Q. What is a General Warranty Deed?
A. A General Warranty Deed is a type of deed where the seller guarantees that he or she holds clear title to a piece of real estate and has a right to sell it to you. The guarantee is not limited to the time the seller owned the property, it extends back to the property's origins.
Q. What is a Special Warranty Deed??
A. A deed in which the grantor warrants, or guarantees, the title only against defects arising during the period of his or her tenure and ownership of the property and not against defects existing before that time, generally using the language, "by, through or under the grantor but not otherwise."
Q. What is a Grant Deed?
A. A Grant Deed is the document that transfers title to property from the seller to the buyer. It must describe the property by legal description of boundaries and/or parcel number, be signed by all people transferring the property, and be acknowledged before a notary public. The transfer is finalized after recording with the County Recorder or Recorder of Deeds. A Grant Deed warrants that the seller actually owned the title to transfer, which a quitclaim deed would not, since it only transfers what the seller owned, if anything.
Q. What is a Quitclaim Deed?
A. A quit claim deed is a type of deed where a seller, a person who owns an interest in a property, transfers all his interests to someone else. The seller offers no guarantees about the title to the recipient, who is called the buyer.
Q. Can I build on the lot?
A. All the lots we sell are able to be developed as far as we know unless otherwise noted. We do not have the lots tested or inspected before selling. This will be the responsibility of the buyer.
Q. What payment methods do you accept?
A. PayPal, Money Order, cashiers/bank check, or personal checks. We do hold personal checks for 2 weeks and e-checks until they clear.
Q. What is an Ernest Money Deposit?
A. It is a good faith deposit, but not to be confused with a down payment. We require this deposit from our Buyers, to secure our contract and show good faith. An Ernest Money Deposit is non refundable under any circumstances.
Q. When will I receive my deed?
A. We prepare the deed once payment in full is received. Then the deed is sent to the county to be recorded. After recording, the deed will be forwarded to you. This process takes 2-6 weeks depending on the county offices and postal service.
Q. Can I resell the property?
A. Yes, you can resell the property at any time, but please do NOT use any photos or sales information that belongs to Silver Discount Properties.
Q. How can I contact you?
A. We can be contacted via email at CS@silverdiscountproperties.com . In order to keep our prices low, please ask all questions on properties currently for sale via our email address. Questions regarding already purchased properties can be either emailed to us or you can call us at (323) 230-6673 or by mail to Silver Discount Properties P.O. Box 48708 Los Angeles, Ca 90048.
Q. Can I use an escrow and title company?
A. Yes, you can, but it is at buyer's expense. Here is our Recommended Escrow and Title Company:
Lenders First Choice
Closer/Escrow Officer: Maya Vasilyeva
Toll-Free: (800) 803-2658
Direct Line: (805) 579-2203
Flat Title Fee: $485.00
This includes - Title Search - Title Fees - Signing Fees - and all other applicable fees Title Insurance is based on Total Purchase Price of the property. These fees do not include recording fees.
About the company: Lenders First Choice (LFC) provides settlement services and title insurance for national and regional lenders.