HomeLight

APRIL 19, 2021

Jean Chou , the principal attorney at JLC & Associates , advises her clients who buy in smaller buildings to schedule their own inspections as part of the homebuying process. A lot of times, it’s not unusual for a homebuyer to submit an offer, and they’re being asked to wire over 10% within a week” for an earnest money deposit.

Earnest money deposit 66

Earnest money deposit Due diligence Inspection Agents 66

HomeLight

AUGUST 31, 2021

However, the settlement form developed by the trade group ALTA (American Land Title Association) is widely used across the nation for real estate transactions. What is an excess deposit, and who will receive the funds listed on that line? Let’s say the buyer put down a $7,000 earnest money deposit on a $100,000 home.

Earnest money deposit 104

Earnest money deposit Title Closing Loans 104

The Close

DECEMBER 29, 2022

How else would you and your clients understand how much is being paid in principal and interest over the years? These mortgages were developed in the 1980s in an era of double-digit interest rates when borrowers were hopeful that the rates wouldn’t rise much more. Earnest money deposit. Original principal balance.

Purchase and sale agreement 98

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