If you find a foreign buyer for your property, you may be concerned that selling to a non-U.S. citizen might complicate the closing process. Will additional paperwork be required? Will there be problems with clearing the buyer’s funds? Are there unusual challenges if the potential buyer intends to obtain a mortgage?
PMI or Private Mortgage Insurance insures lenders against losses when they have to foreclose and can only sell…
Here is a sample quitclaim deed taken from the pages of The Complete Guide to Your Real Estate…
What is the IRS Form 4506 which I might be asked to sign at closing? Form 4506 is…
One of the most effective ways of avoiding one or more of your closing costs is to ask…
Your divorce decree does not relieve you from joint debts you incurred while married. You are responsible for…
Do you live in an apartment building that is going to be converted to a condominium? If so, are you at risk of being evicted? Or is this your unanticipated chance to finally become a homeowner? Many cities where land is scarce and housing is hard to find have developers who are clamoring to find established rental buildings that are suitable for conversion.
“Closing” or settlement or “escrow” is listed as one of the top ten problem areas that occurs in…
There are currently seven states which do not require you to file a state income tax return. States…
Also see the Loan Glossary A Abstract of Title A summary of the public records affecting the title…
Also see the Title Insurance Glossary Adjustable Rate Loan or Adjustable Rate Mortgage (ARM) A loan with an…
It may be common for you to hear that the builder of the new home you will be…
The Tax Reform Act of 1986 required anyone responsible for closing a real estate transaction, which may include…
Buyer’s Home Closing Checklist Have you made a final walk-thru inspection of the property? Is the condition of…
Summertime traditionally brings family trips, school vacations, as well as plenty of hot uncomfortable weather. Those sunny days, however, often come with high humidity and afternoon thundershowers — ideal conditions for annoying and potentially toxic mold.
The Complete Guide To your Real Estate Closing has helped thousands of home buyers and sellers take control of their closing, saving on closing costs, and remove the mystery and confusion of the settlement process.
By Sandy Gadow Special to The Washington Post Ever notice how enticing advertising for newly built houses can…
Real estate closings may be handled by escrow companies, title companies, lawyers, or a combination of one or…
