We see a large number of properties that are vested in trusts simply because we experienced an increase in the number of properties purchased by trusts 10-15 years ago. A number of unique challenges are present for both sellers and purchasers when a trust is involved. The first thing to …
The Commitment should ALWAYS be reviewed in its entirety. A quick scan could cause you to miss important information that could delay the close of escrow. In most cases, when liens or clouds on title are discovered early in the process the Title Officer can work with the parties …
Frequently repair work is done on property prior to the closing of a sale. What if the seller doesn’t pay for the repair work and a Mechanic’s Lien is recorded after the closing? Keep in mind that the priority of the mechanics lien is established when the work begins, not when …
Below you will find the traditional list of expenses a Buyer typically pays for in a real estate transaction. Keep in mind that many of these items can be negotiated by both parties at the time of the offer, excluding some expenses required by the lender to be paid specifically …
