|
Thanks So Much For Your Hard Work
Thanks so much for your hard work. You've made our moving experience fun and easy once again. We're enjoying our beautiful new home, despite all the boxes. Thanks again to all The Power Team for their hardwork!
Joyce & Vandi Newman
Tell Us how We're doing!
You have a story to tell about us. You've
worked with us, and we've helped you buy or sell a home. We need your feedback.
Others need your feedback, too! Please take a moment to fill out this form and
tell us how we did...
 |
Disclosure Laws >Avoiding Delays During Escrow
Unforeseen problems can arise during escrow, and closing dates are never set in stone! Lenders, appraisers, title attorneys, credit check services, or anyone who is involved in the transaction could potentially delay a closing. Stay in close touch with your real estate agent, who will notify you of deadlines and help you deal with delays.
Well-written sales contracts are the key to avoiding problems during escrow. For example, provisions can be included in the agreement that require the buyer to provide evidence of sufficient funds for down payment and closing costs, or to present proof of the ability to obtain homeowner's insurance. Because of new restrictions on insurance policies, the mortgage lender may require insurance before funding the loan.
There is also a section in the sales contract wherein the seller makes a warranty to the buyer of the condition of the property. It is important to make sure that this clause is modified to reflect the seller's transfer disclosure statement. If this is not done, the seller could be required to repair items that are found to be dysfunctional or faulty, and this could add time to the escrow period.
|
|
| Q |
What is the least affordable metropolitan housing market in the United States?
|
| A |
California's Los Angeles-Long Beach-Glendale is currently rated as the most expensive metro area in the nation. |
 See More Real Estate Trivia > |
|
|
|
- NUMBER1EXPERTS™ 
