What good is it if a lender claims to have the “highest customer satisfaction ratings” if the customer service surveys they use are all obtained immediately after closing? Sure, it was so simple to close with X, Y, Z lender, so few documents! they even sent a notary to my house to show me where…
Many experienced home buyers, sellers and investors are still surprised to learn of the new closing requirements concerning funding. For years, the gold standard at closings was to bring funds by a “certified check”, “cashier’s check”, or other paper draft of a bank account. Unfortunately, while these legitimate real estate moguls have been out there…
It’s not often that we reprint in whole another blogger’s post. But Attorney Elizabeth Kayser is a part of our loose affiliation of attorneys who collaborate to make us all better at doing battle with stubborn lenders. This post from Elizabeth, though written based on her experience and law practice which spans several states in…
IF YOU SEE SOMETHING, SAY SOMETHING!!! Your realtor is in a unique position to help identify problems that call for further investigation. Consider the surveyor to be like a good law enforcement officer. Even your closing attorney can’t help unless the realtor alerts him to issues that presented themselves at home inspection, walk-thru, or when…
Yes and No! Dying does relieve you personally from having to ever pay another penny for your Timeshare or another maintenance fee. However, your heirs may not appreciate the fact that your estate remains liable for these sorts of contractual obligations and it may affect the legacy that you leave to the next generation. It…
Leave it to a radical pastor friend of mine to correct me on yesterday’s blog post about forgetting one of the best real estate investment strategies on the planet . . . . of course a “man of the cloth” should be other worldly and not accumulate too many possessions to tie him to this…
The CFPB is one of those federal entities that is truly known by it’s initials. Even more so than FBI or CIA, you have to think for a minute to remember what it stands for. . . . ? Consumer . . . .??? Now to make things more difficult, the head of the CFPB…
While our beloved Commonwealth of Virginia prides itself on keeping up with the Joneses in all matters of E-Commerce, we have taken more of a “wait and see” attitude toward the most electronic of closing technologies. Naturally, big states with fewer Notary Publics per square mile would need to take the lead on electronic notarizations. …
My closing attorney never required wires from me in the past, why does he require a wire now? Why can’t I give him a cashier’s check? Don’t take it personally. The wire is becoming the soul source of funding because it is the fastest way to deposit money that is available in the shortest time. …
Many thanks to Hampton Roads Realtor, Dennis Blackmore, Dennis Blackmore 757-343-4949 dennis@757home.com http://www.757home.com for providing the top 5 reasons for buying or selling a home: First-time homebuyers often buy a “starter” home perfectly sized for two. However, when their family starts to grow by one or two kids, the walls can close in. When kids…
