Tag: title

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Ask Gary Landau

  Question: I am selling my house “as is.” The buyers hired an inspector who found all kinds of needed repairs. Do I have to make them? Answer: A typical “as is” contract gives buyers the right to hire an inspector who must perform his inspection within a certain number of days from the contract’s signing.

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More of Your Real Estate Questions Answered

  Question: My mortgage broker tells me there are many mortgage options. How do I know which to choose? Answer: In recent years there has been an explosion in the number of mortgage types available. You must work with a lender or mortgage broker to determine the loan that is best for you; however, there are some

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Real Estate Questions Answered by Gary Landau

  Question: My real estate agent is urging me to use the title company she recommends. Is there a benefit – or a risk – in doing so? Answer:  Sometimes real estate agents push buyers to use a specific title company to handle the closing. Buyers often don’t know that many of these title companies are actually

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More Real Estate Questions Answered

  Question: My recent closing on a home I was buying was scheduled for 5:00 pm. At 4:00 pm when my bank was closing for the day, I still did not know how much money I needed to bring. I was unnerved and furious. Why couldn’t my closing agent get me a figure hours, or even

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Your Real Estate Questions Answered

    Question: I am selling my house and the closing is set for Friday afternoon. The buyers need to move out of their home Friday morning and want to move their things into my house before the closing.  Since we are closing that afternoon, it seems fine to me. Is there a downside? Answer: It is

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What happens at a real estate title closing?

The closing is the final step before you buy or sell your home. At the closing, all parties review and sign documents related to the mortgage loan and purchase. Many of these documents, especially the important HUD statement, which details all the fees, costs, and charges, are distributed in advance of the closing, so all

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Your real estate questions answered

  Question: My wife and I just saw a home we love, and we want to buy it. However, we have not yet put our house on the market. Given how it is taking longer to sell property these days, is there a way we can still buy our dream house? Answer: With the current status of

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Ask Gary Landau your real estate questions

  Question: I have an adjustable rate mortgage but I think the bank incorrectly figured my last interest-rate increase. I have tried to call them but haven’t made any progress. Until this is resolved, I plan to stop making payments. Do you think this is a good way to get them to resolve the issue? Answer: You

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WHAT ARE THE STEPS THAT LEAD TO A CLOSING?

Once you sign the deal, you’re on your way to buying or selling a home. However, several steps must occur for this transaction to be completed. They are: Closing attorney (or title company) contacts seller’s current mortgage(s) to get package for paying off loan. If the deal is for a condo,  approval of new buyer

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