This morning I read a post (Reading Redux) at Credit Slips regarding a familiar lament about not reading all documents at closing. It’s a subject I’ve visited before.
Lenders are notorious for getting document to escrow late or, at the very least, at the very last possible moment. Obviously it helps to select a trustworthy [...]
Entries Tagged as 'Buyers'
Reviewing Closing Documents… again
June 9th, 2008 by Lee Mason, The Masters Realty Group LLC ;
1 Comment
Tags: Buyers · Closing · Real Estate
Home Inspection a Must for New Home Purchase
October 9th, 2007 by Lee Mason, The Masters Realty Group LLC ;
No Comments
Phil over at the Boise Real Estate Blog posted further evidence of why a home inspection, even for a new home is necessary.
As I’ve mentioned before, this is even more of a requirement in todays market for the reasons posted here.
Tags: Buyers · Home inspection · Real Estate
Troubling Pitfalls in Real Estate Financing Contingencies
October 5th, 2007 by Lee Mason, The Masters Realty Group LLC ;
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Update:Â The issue discussed in the following post will be rendered moot with new forms to be published October 15, 2007.
I made the follow comment to a post made by Jason Mook: Switching Boats Mid Stream.
This issue concerns the typical financing contingency found in most real estate contracts. In essence, the financing contingency says [...]
Tags: Buyers · Contracts · Lending · Real Estate · Sellers
Selecting A Real Estate Agent May Not be as Easy as it First Appears
October 1st, 2007 by Lee Mason, The Masters Realty Group LLC ;
3 Comments
Once again I’m aghast.
I was just reading a comment(#43) to a post on deceptive radio advertising for mortgage lending on Seattle’s Rain City Guide regarding selecting an agent when I received a call from the selling agent on one of my recently closed transactions.
He said he was missing a copy of an Agency Disclosure Form [...]
Tags: Agency · Buyers · Real Estate · Sellers
Do you read all your documents?
September 24th, 2007 by Lee Mason, The Masters Realty Group LLC ;
1 Comment
I made the following (rather timely given my previous post) comment on a post at The TNT Open House Blog.
One would have to be rather cavalier (or naive or dumb) not to read all loan documents before signing.
Sympathy for those who don’t? Please… If you’re going to give someone a signed blank check, don’t complain [...]
Tags: Buyers · Closing · Escrow · Lending · Mortgages
Home Buyer’s Closing Table Checklist
September 22nd, 2007 by Lee Mason, The Masters Realty Group LLC ;
5 Comments
As I mentioned in a previous post, closing and signing closing documents are two different things. Actual closing will occur some time after signing closing documents.
Buyers should bring the following to escrow (the closing agent) when signing closing documents:
Good Faith Estimate - This should have been provided by your lender.
Truth-in-Lending (and here) form - [...]
Tags: Buyers · Closing · Real Estate
Avoiding Delays when Closing a Home Sale
September 21st, 2007 by Lee Mason, The Masters Realty Group LLC ;
1 Comment
It’s not uncommon for buyers and sellers to confuse signing closing documents with closing the sale of a home. They are not the same thing.
Closing (at least here in Washington State using NWMLS forms) is defined to have occurred when the transfer documents are recorded (the deed) with the county, and, sale proceeds [...]
Tags: Buyers · Contracts · Lending · Real Estate · Sellers
Understanding Risk Based Pricing of Home Loans
September 17th, 2007 by Lee Mason, The Masters Realty Group LLC ;
No Comments
Tantra at Calculated Risk has posted another excellent article titled Risk Based Pricing for UberNerds.
This is an in depth article not designed for the casual reader - but a “must-read” for a buyer who wants to gain more than a superficial understanding of loan pricing.
I’m a big fan of Tantra. I highly recommend the [...]
Tags: Buyers · Mortgages · Real Estate











