A buyer may have a few ways to back out of a deal and still get their earnest money back from the title company based on the real estate contract. Most contracts favor the homebuyer, but this may only be true in some cases. Learn more about getting earnest money back...
You’re preparing to buy a house, and you thought you knew all the real estate jargon. A mortgage is a type of loan used to purchase a home, closing is when the sale of the property takes place, and a lien is an unpaid debt on a piece of property. Check, check,...
While you may be familiar with title companies from your experience in buying your property, you might be less sure how they assist you as a seller. Just as they do for buyers, when handling real estate closings, title companies are responsible for protecting the...
A closing agent or settlement agent is the entity or individual who oversees the closing process, including making sure title is clear and all the money is collected, verified, and disbursed in accordance with the terms of the contract and loan documents. A...
Even in market conditions that favor sellers, buyers can still close on a home they want for a price they can afford. At least, as long as you understand the challenges and do your due diligence. Read on to find out what you need to know to tackle buying in a seller’s...
