Closings and Title

By mhogan on July 1, 2010

The Senate approaved the Homebuyer Assistance and Improvement Act (H.R. 5623) giving home buyers who were under contract on a home purchased by April 30th until September 30th to close and claim the tax credit. Without this extension approximately 180,000 homebuyers who had signed purchase agreements would have missed the deadline.

By mhogan on July 1, 2010

For those who wanted to take advantage of the tax credit but missed the opportunity, it may have paid to wait. Reports have shown that with fewer buyers since the expiration, sellers have had to lower their prices to entice them. Although it depends on your price point, some of the decreases in the sales [...]

By amurphy on December 4, 2009

If you want a higher interest mortgage rate, keep waiting!

By amurphy on October 27, 2009

Banks often buy their own properties at Sheriffs’ auctions and immediately begin to market these properties for sale. Buyers of these foreclosed properties are hanging in limbo waiting for deeds to be processed by the Sheriff. Some of these buyers still have hopes of closing before December 1st, the current deadline for the $8000 tax credit. Will they close?

By bcoccia on August 19, 2009

Any money that a buyer is required to bring to closing  should be in the form of a cashiers check or money order if over a $1000.  Anything under a $1000 can be in the form of a personal check.  The check should always be made payable to the Title Company that is facilitating the transaction.  [...]