Introduction: Here to Help Welcome to our closing help topics guide! A closing is when a property is transferred from the seller to the buyer, simply. It sounds easy, right? Real estate closings can have hurdles and cause stress for all involved, especially if you do not have the right information. We here at Landmark Abstract are here to help! Firstly, we are going to
Let’s Get Started! Buying a home is one of the biggest purchases you will ever make in your life. Most buyers will need to work with a lender to obtain a mortgage to ensure they are able to make this purchase. Your lender and settlement company will work together to make sure your settlement goes smoothly. As always, Landmark Abstract is here to help! Below
Escrow Accounts and The Closing Process Escrow accounts are an essential part of the closing process in real estate. A contract may require the buyer to provide an earnest money deposit as to show the seller their sincerity in purchasing a property. To start, the escrow account holds fund in an account established by a closing agent or attorney, and then funds are then disbursed
There 10 rules to know about TRID! The Consumer Financial Protection Bureau (CFPB) created the TILA-RESPA Integrated Disclosure (TRID) Rule to improve mortgage disclosure forms to make it easier for consumers to understand the terms of their loans and closing costs. In order to ensure a timely closing, it is more important than ever that real estate agents communicate with their consumer, lender, and settlement
10 Things To Know About Your Closing The search may have been long, but you’ve finally found the home of your dreams. You love its style, floor plan, and views. Additionally, the neighborhood is great! You’ve also done the hard work of reaching an understanding with the seller on price, signed a purchase agreement, and made an earnest money deposit. The home inspection went well,