The Close

DECEMBER 29, 2022

Chain of title. As clients get ready for closing, they’ll hear a lot about the title. Chain of title is an historical record of previous owners of a property that’s essential in establishing the legal ownership of the property. An established chain of title helps protect the buyer from future challenges to ownership.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98

HomeLight

JULY 29, 2022

When you’re buying a house, the list of what can go wrong at closing includes everything from issues with the mortgage loan and buyer’s credit, insurance snags, appraisal problems, title claims, and events beyond everyone’s control (such as natural disasters, or buyer or seller illness or death). Problem: You lost your job.

Closing 102

Closing Purchase and sale agreement Title Home sale contingency 102

HomeLight

SEPTEMBER 30, 2021

You just continue making your payments and as you get closer to the closing date, the escrow or title company that’s going to be handling your transaction will reach out to your lender and get an official payoff statement based on an actual closing date. DTI is a measure of your gross monthly debt payment to your gross monthly income.

Mortgages 97

Mortgages Debt-to-income ratio Equity Closing costs 97