Closing The Deal

• Short Sale Promissory note or Lump Sum Contribution, pick your poison.

  One of my clients has an interesting situation in regards to his Short Sale Approval.  Any one of you out there may have run into the same situation or may have an interesting solution?

   

   

  He is choosing to Short Sale his home.  During our negotiations we were under ...

• Time, Time, how can we buy more Time!

  Have you ever had a second that seemed like and hour, or a month that lasted 5 minutes?  When working Short Sales you never know how long it is going to take or what will be the outcome.  My anthem is, “Take one minute at a time.”  Even that will ...

• Who Pays For What?

  A major question in every escrow is: "Who pays for what?" The answers vary by county ordinances and standard practices. What is listed below are “customary” practices.  All fees charged are governed by terms of the sales contract and other written escrow instructions. Note: on some FHA, VA or other government-backed loans, ...

• Seller Disclosures 101

  During the escrow process, you must inform the buyer of specialized conditions that affect your home. These may include the following conditions:

  Lead Paint
  Sellers of properties built prior to 1978 have the following obligations:

  • Provide buyers with a HUD pamphlet entitled "Protect Your Family From Lead in Your Home" ...

• Managing The Details

  Once you have negotiated a contract and agreed on a sales price, the next phase of our job begins. Below is a list of some of the details I will be managing through this process.

  • I will constantly check with the title company to assess when they need additional information ...

• The Sale Process

  While there’s no such thing as a typical home sale – each has a character and a flow of its own – there are certain aspects you can expect. While local real estate practices may vary, here are the basic activities that occur during the transaction, from receiving an offer ...

• What Is Escrow?

  Escrow is the process that buyers and sellers of homes use to complete the monetary and legal details of a sale. A neutral third party manages the escrow, called an “Escrow Officer,” who generally works for a title company. “Title” is the proof of ownership of a property. The title ...