Foreclosure Secrets Revealed

Archives by Tag 'Closing Date'

Final walk through inspection

Before you go to the closing table you will have an opportunity to do a final walk through inspection. Which just means you can go through the house and make sure it still has everything you wanted, and nothing you didn’t. Buying a foreclosure will greatly limit your ability to request the sellers to do [...]

The closing date what you need to prepare.

By 14 days until you are scheduled to close you should have ALL contingencies met and cleared, and be set to close. Why so early? Because things can come up and you don’t want to be scrambling to finish the deal. The earnest money agreement is only binding if within the allotted time frame. So [...]

Glossary and Real Estate Terms

Abstract of Title- A summarized history of the title of real property. Acceleration Clause- A clause that provides, at the option of the lender, the entire unpaid balance of the note would be due immediately upon failure to make a required monthly payment. Accrued Interest- Accumulated interest due but not paid. Acknowledgment- Legal declaration before [...]