Home > Blogs > 4 Insider Secrets for Avoiding Surprises at the Closing Table
12,108,245 views

Ask Tara @Trulia

make smart decisions w/Tara's real estate + mortgage need-to-knows

By Tara-Nicholle Nelson | Broker in San Francisco, CA

4 Insider Secrets for Avoiding Surprises at the Closing Table

I used to pass a mortgage company billboard on the freeway every day that read: “Surprises are for birthday parties.” (Implied: surprises are usually unpleasant when they arise in the context of real estate transactions.)  The worst case scenario that looms large in the minds of buyers, refinancers and sellers alike is that they’ll get to the close of escrow and some big glitch will arise, coming between you and your home – or your cash. 

Here are 4 key need-to-knows to help you avoid getting a nasty surprise at the closing table.

Read my lips: no new bills (or other financial blips). Most savvy buyers know better than to run out and buy a car while they’re trying to buy a home.  But you’d be surprised at how many don’t think twice before opening new credit accounts to buy appliances or finance the kitchen remodeling work they plan to have done as soon as they get the keys to the place.  Many a lender will run a quick credit check right before closing, mostly so they can detect whether your bills – your monthly obligations – have increased to a point that pushes your debt-to-income ratio too high to qualify for the home, or would make it tough for you to pay your new mortgage. 

If your escrow runs 45, 60 or 90 days (or longer) as they commonly do in short sales and sales of bank owned homes, new accounts can certainly show up on your credit report in that time frame, endangering the deal and generating a surprise “no deal” from your lender just when you thought you’d be getting a set of closing docs to sign.

Also, some lenders conduct a last-minute check of borrowers bank account statements. Of course they want to make sure that you have the cash you need to seal the deal. But you might be surprised to learn that lenders also want to be sure that there are no unexplained, major deposits to your account, as well. They know some borrowers are inclined to borrow fistfuls of dollars from family and friends just before closing in an effort to scrape together the cash they need to close their home purchase by any means necessary. 

And, unless the money is a lender-approved gift, that’s not allowed! (Why? The mortgage lender wants to avoid the friend or relative later saying they “own” part of the house, and also doesn’t want your obligation to repay a “friend-and-family” loan to interfere with your ability to repay your new home loan!)

If you have any large deposits (other than your normal income) come in just before or during escrow, be prepared to both explain them and document their source.

Make full disclosure when you first apply for your mortgage or short sale. Today’s loan underwriters are notorious for being sticklers about verifying and re-verifying the facts on your loan application.  And as mortgage guidelines have tightened, lenders have also tightened up the underwriting process, creating a virtual gauntlet of review after review, underwriter after underwriter that you have to get past in order to close your deal.  The most critical one?  The funder – it is this underwriter’s job to give the thumbs up (or down) on wiring your mortgage money into escrow.  

Funders are the toughest to get past, understandably, because the buck stops with them when it comes to their employer’s issuance of tens, even hundreds of millions of dollars of mortgage money every year.  So, they want to be sure every last one of your loan qualifying i’s are dotted and t’s crossed – up to the very last possible moment before they green-light the disbursement.  They have the right – scratch that – the responsibility to re-check your credit, assets, even your employment at the last minute, and they take this responsibility very seriously. 

And on a short sale, the pre-closing title check can reveal legal judgments and liens against the seller that have been placed on the property up to the day of closing.

I’ve seen deals fall apart or come to the brink of failure the day or so before they were supposed to close because a buyer had lost a job, turned out to actually be legally married (the divorce they’d put on the application was not yet final), or a new collection account had surfaced.  I recently saw a short sale nearly cancelled when a new collection account of the seller’s was filed as a lien on the house.  Once, I even saw a deal killed beyond salvation when a last minute credit re-check surfaced a social security number flag that revealed one buyer was not in the country legally!

To avoid these sorts of last minute surprises, be 100 percent honest with your real estate and mortgage agents at the beginning of your homebuying (or selling) process about any and every area of your life that corresponds to a mortgage or short sale application question, even before you complete the application – there’s almost no such thing as an overshare at that stage.  That puts them in a position to help you avoid closing table drama from the jump, even if it means they advise you to stay in your job, settle some bills or buy the home on your own, rather than with your spouse.

Watch the calendar closely. Buyers who originally were pre-approved for their mortgage many moons before they find the right property should obtain updated estimates of their mortgage payments and the cash they will need to close their purchase as their house hunting period goes on, and especially once they have a firm closing date estimate. Mortgage interest rates can change dramatically over a period of a few months, and closing costs vary widely based on things as seemingly minor as whether your transaction closes at the beginning or the end of the month.   

To avoid getting to closing and realizing that you have to come up with an extra few weeks’ worth of prepaid mortgage interest because your closing date changed, make sure your real estate and mortgage brokers are in close communication, and ask them to keep you apprised of how any closing date changes will impact the size of the check you’ll have to write to close the deal.  And if you’re buying a property that is a short sale or foreclosure, ask them to give you this briefing as soon as possible (and as frequently as possible!) in the transaction so that you can prepare a little cushion of extra cash in case closing is delayed for reasons beyond your control (which happens very frequently in these sorts of sales). 

Obtain and review your closing documents in advance.  I used to give this advice mostly to buyers, urging them to ask their agent and mortgage broker to provide them with their loan and title documents at least a day or so in advance – earlier, if possible.  If you have to sign 300 pages at the closing table and you know your keys and moving plans hang in the balance, the chances you’ll be scrutinizing every line are pretty slim – and if you do happen to catch an error, the time it will take the lender to revise and reissue a set of papers can throw your moving calendar entirely out of whack. 

The best practice is to get these documents in advance, so you can check on line items like the interest rate and monthly payment in the comfort of your own home or office, ask questions of your representatives and initiate any corrections that need to be made without disrupting the plans for signing and closing.

And this applies to sellers, too – even though buyers have a much higher volume of paperwork to get through at closing (and errors can be costly), closing doc errors occasionally arise that have a serious impact on sellers, as well.  I was once asked for advice in a situation where the seller owned two neighboring parcels of land, and the title paperwork for the sale of one erroneously included the other one, too!  It took a boatload of high-drama legal wrangling to get the mistake corrected, and get the sellers' other lot back.

P.S. - You should follow Trulia and Tara on Facebook!

 

 

Comments

By Helen Oliveri,  Wed Aug 3 2011, 14:45
Great Closing tips Tara!
By Carl Hines, REALTOR,  Wed Aug 3 2011, 17:21
Great tips, Tara! The "no new bills" seems to be the hardest thing to get across to anxious first-time buyers, so I make it a point to bring up that point several times throughout the transaction.
By Ted Zervoudakis,  Wed Aug 3 2011, 17:29
Great info about the lending process. Buyers need to be aware that delays can happen and often do. They need to make sure they have a good lender and a proactive real estate agent!
By Edyta Gryc - Broker Associate,  Wed Aug 3 2011, 17:37
Great tips!
By Al Nazari,US1 Realty-Mortgage,  Wed Aug 3 2011, 17:44
Good article! Beside all the above, Underwriters will pull credit reports and VOE just before Funding. Always advice your clients not to apply for anything while in Real Estate/Mortgage transaction. Some Underwriters will delay Funding due to many inquiries during the home loan process. As a Realtor & Mortgage Originator I have seen more of delays for above reasons in the past 2-years.
By Diana Margala (909) 560-0145,  Wed Aug 3 2011, 18:23
Great tips, another unseen problem might not be at the last minute but they can be problems are when people are buying condo's and the condo ends up not qualifying for lender requirements. And if FHA requirements require to be fixed prior to the close and it's a short sale...this could be a real problem.
By Gary L. Davis,  Wed Aug 3 2011, 18:28
Thanks for the tips. Not only will I share with my clients but I'll share with my agents also!
By Betty Frost,  Wed Aug 3 2011, 19:14
Thanks for the article. I especially liked the comment about buyers not opening credit cards, but applying for credit at a store in order to start buying the goodies for their home. I will be sure to really stress that point.
By Eddy Longshore,  Wed Aug 3 2011, 21:06
Another potential problem that could arise, especially in a long timeline sale (i.e., a "short" sale), is that under new FHA guidelines the FHA case number now expires after six months! Check with your lender if your sale is coming close to that six month anniversary date!
By Jbarakeh,  Wed Aug 3 2011, 22:05
Really helpful tips! Thank you, Tara.
By Libby Struve,  Wed Aug 3 2011, 22:28
Very helpful information. Mahalo (thank you).
By Joseph K. Keresztury,  Wed Aug 3 2011, 23:13
Good tips to pass on, thanks for the blog post Tara
By Dummy,  Thu Aug 4 2011, 04:34
So basically these problems are not for cash buyers, right?
By Phil Swis,  Thu Aug 4 2011, 05:09
Always sooo helpful, keep up the great work Tara :)
By Daisy Anderson,  Thu Aug 4 2011, 05:18
Great article Tara!! The above comments address so many of the pitfalls to closing a mortgage. I've also had problems with the new 3rd party negotiators for Fannie Mae giving a "verbal acceptance" and starting the clock on the inspection without the paperwork. I just closed one that had this situation with the client and lender ready to go and the 3rd party negotiator holding things up. I went to my broker and other agents and hear this is standard practice currently. It really adds another layer of heart papalpatation to the already scary possibilities of worries before the close. Something needs to be done about this issue.
By Sandi Johnson,  Thu Aug 4 2011, 06:14
Wow! Great tips on things to watch out for.
By Robert Ratliff,  Thu Aug 4 2011, 07:24
This is great information for a buyer. Especially for this short sale market that we are in. Thanks
By OkieShopper,  Thu Aug 4 2011, 07:43
Thanks so much for this post! We are getting ready to place a bid on an REO, and had no idea of additional timing needed for closing on bank-owned properties. And the no-new-credit thing, I hadn't even considered that - thanks again!
By Vivian Hyzdu,  Thu Aug 4 2011, 08:26
Great article, very helpful.
Keep comunicating with your clients.
By Brian Petrelli,  Thu Aug 4 2011, 08:32
Great article. Your first point should be hammered into buyers over and over: No New Bills!
By Marty Oharra,  Thu Aug 4 2011, 08:41
I know what you mean Eddy, been there, done that. I recently had an FHA fall out of escrow due to the 6 month Anniversary date, due to the fact that inspections were done right away, and the inspections are not good after 90 days. FHA loans are also notorious for files changing a lot of hands, and this leads to incomplete files, mis-communication, etc. This also starts another bidding process ( after the 6th month). Luckily we kept on top of it, pushed really hard, and were re-accepted. Only to have to have another escrow number, you name it, it happened. You must stay on top of everything, and babysit everybody concerned. Wow, worse than giving Birth. We finally closed, and my clients are very happy in their new home.
By Donald,  Thu Aug 4 2011, 09:24
Well, to me I feel that a person's credit rating, (IF) they already own a home or planning to sell it has nothing to do with this process. In fact, I feel that the so-called 3 Credit Bureau's should be DISOLVED, since I see NO REAL purpose that they serve. Unless, the Federal Government is getting KICKBACKS from them....Hmmmm.
By Winter,  Thu Aug 4 2011, 09:34
Wait a minute, hold on a sec. Whats with the part of large sums of cash being accounted for. If you have been putting money away in a cookie jar for yrs to buy a home and cant give details as to how it got there and be able to prove it, why hold that against anyone its ludicrous. If a lender wants to make an accusation and randomly throws out there suppositions let them prove it or sue their ass.
By Winter,  Thu Aug 4 2011, 09:35
Wait a minute, hold on a sec. Whats with the part of large sums of cash being accounted for. If you have been putting money away in a cookie jar for yrs to buy a home and cant give details as to how it got there and be able to prove it, why hold that against anyone its ludicrous. If a lender wants to make an accusation and randomly throws out there suppositions let them prove it or sue their ass.
By Melia Indra,  Thu Aug 4 2011, 09:37
Nicely said!
By Sharon W Wade,  Thu Aug 4 2011, 09:45
Great information!
By Nirmala Caraballo,  Thu Aug 4 2011, 09:47
Great Post Tara, nicely said. Lenders are tougher today than in the past 5 years. They scrutinize everything.
By Cary Noriega,  Thu Aug 4 2011, 09:48
Great tips! Thank you....
By Rowen,  Thu Aug 4 2011, 09:49
Finding less and less honesty in my loan dealings from the lender's side. We are put under the microscope, but they do not want even their serious infractions get any notice, so the public stays uninformed. Day after day, I am hearing stories from Colleagues and friends who have had bad experiences. Time to clean house, then we will not have to go through this much of scrutiny. As for me I do not care. I am not really dependent on the loan gods. I am using the money because it is available at low cost. Thanks for your advice Tara and the next should address the banking and loan sharks at large.
By Tammy Sylvester,  Thu Aug 4 2011, 10:06
Wow , Im a first time home buyer and it sounds all way to scary, I have a credit score of 690 and a pre- approval laon _FHA only problen is I own my own bussiness and I'm told it is gonna be really hard coming up with documents that are needed , I almost don't want to buy a home, they make it so hard and the sad thing is there are so many empty homes just sitting .....
By 480-0505,  Thu Aug 4 2011, 10:06
I do not know what planet you folks are on these are not NEW TIPS they have been around for years. If you do your homework and have control of the client you have no worries. Here is a TIP - if you have a bad experience with a bank or attorney, drop them go to another source, banks and attorneys are not GOD....I have been around the block a few times in my 29 years - you learn quick who to deal with and trust
By Sarah Gravelle,  Thu Aug 4 2011, 10:09
Great information and article to share. I appreciate the post.
By 480-0505,  Thu Aug 4 2011, 10:10
These are not TIPS they are common knowledge if you are a real estate professional, perhaps some of these young kids who are getting in the business (thinking they will get rich quick) don't know this, they should ...
By In The Boonies,  Thu Aug 4 2011, 10:18
...good info for the neophytes out there. Rehashed common knowledge. Thank you 408-0505
By Barbara Ann Grady,  Thu Aug 4 2011, 10:19
Super advice for Agents to share with their Buyers! Thanks for posting, Tara.
By Lynne Stuparek,  Thu Aug 4 2011, 10:23
Note to Winter: all buyers with large sums of unexplained cash always did have to document the source of the funds. Now (post 9/11) it is more of an issue due to Homeland Security concerns and the Patriot act.
By Ross Gerami - Realtor®,  Thu Aug 4 2011, 10:30
Great Material every prospective buyer should know
By Roberta.norcia,  Thu Aug 4 2011, 10:31
We are the buyers of a short sale and neither our realtor nor the sellers realtor will be at our closing. Could this be a problem?
By Joanne Bernardini,  Thu Aug 4 2011, 10:32
I'm printing this to give to all my clients! Great work Tara!
By Rose,  Thu Aug 4 2011, 10:36
Good information! I think repeating no new credit lines, no big purchases,deposits, etc. is crucial through the whole process because these buyers get so wrapped up with everything they think they are approved and no matter what.. will close and they can start shopping!

Lenders should all make it Mandatory to offer a video or a link to a video that explains the do's and dont's while qualifying to purchase a home as soon as they get a client preapproved for a mortgage loan!
By DeSha White,  Thu Aug 4 2011, 11:05
Right on relative to your comments. Trying to get buyers to not make any purchases is always hard but so true if they will listen.
By Sarah Rummage,  Thu Aug 4 2011, 11:40
It pays to constantly stay up to date on what the latest things to trip up are. Everybody needs to listen up and pay attention to the mortgage lender and closing attorney to get it closed with the least amount of problems.
SarahRummage
NashvilleRTeam.com
By Maria,  Thu Aug 4 2011, 11:53
Thank you Tara!!
By Nishika Jones-Green,  Thu Aug 4 2011, 11:54
This is a great list of tips. We mail a letter to our clients that reviews this information with them both when they sign an agency agreement and enter a sales contract. I find that people like to have "paperwork" to refer to. And this is very important information for all of what goes into a transaction for someone to just not to have known something that could ultimately cost them their new home.
By Kelly Putz,  Thu Aug 4 2011, 12:01
Thank you Tara for putting out there what a lot of us already know, but sometimes need to be reminded of, and this info is very good to pass along to newbie agents as well as clients. I will borrow it for my clients since you wrote it out so well!
:)
By J. Meryl Stoltzfus,  Thu Aug 4 2011, 12:30
Good Stuff
By Mike,  Thu Aug 4 2011, 12:39
DONT FORGET 3RD PARTY LEECHES AND VULTURES PUTTING THING THAT BIND THE PROPERTYT TO EXPIRED ASSOCIATIONS SO THAT THEY CAN MAINTAIN VOTINGS AND CONTROLS ON OR OVER THE PROPERTY ITSELF INTO THE CONTRACTS..............WHILE ALSO FORCING THOSE WHO DISAGREE WITH THEIR DOING SUCH THINGS TO DOUBLE PAY LAWYERS WHILE BEING FINANCIALLY BLED BY ASSSOCIATIVES AND OBSFISCATE ENOUGH ASSOCIATIVE VOTES TO NEGATE THE DISAGRERERS RIGHTS.........USING TIME AN MISINFORMINGS AS THEIR WEAPON.....................................
By Henry G. Huestis,  Thu Aug 4 2011, 12:39
Good work Tara. One of the comments that you had was the family financing the home. I have worked outside the United States for a long time (in the Middle East), and I have seen nationals from other countries (India, the Philippines, etc.) pulling the same trick in their home countries. Say that an Indian expatriate working in Saudi Arabia wants to buy a house in India, that Indian expatriate would "lend" the money to buy a house in India to say a brother that was still in India for the 30 percent down needed for a home loan. After that Indian brother bought the house, the Indian brother would no longer consider paying back that Indian expatriate working th the Middle East the money the Indian brother owed him , and as a result there would be a huge legal tangle under Indian law. Essentially due to the legal tangle, the bank would foreclose on the brother, and resell the property (but unlike the United States, the Indian real estate market is rising dramically, so the bank would make a profit on the sale).

So the moral of the story is that if you have to rely on family members to get the money for the down payment, consider again, and do not buy the house. Except in a very few limited markets in the USA, housing prices will stay flat, or continue to go down further for the next five years. Save up your own down payment, and you will be far better off in the future.
By Mike Hostetler,  Thu Aug 4 2011, 12:47
Thanks Tara! Once again your timing couldn't have been better regarding a subject that causes both sides much frustration. We must do all we can with both buyers and sellers to "have their ducks in a row" in providing complete, accurate, and honest detail. The unfortunate reality it seems that even when providing what seems to be every possible piece of data they need, the underwriters are coming back at the last minute asking for additional information or questioning some piece of information they have had for weeks! Is it happening everywhere around the country or just here in the Hoosier State? Thanks again Tara.
By Mike Hostetler,  Thu Aug 4 2011, 12:49
Thanks Tara! Once again your timing couldn't have been better regarding a subject that causes both sides much frustration. We must do all we can with both buyers and sellers to "have their ducks in a row" in providing complete, accurate, and honest detail. The unfortunate reality it seems that even when providing what seems to be every possible piece of data they need, the underwriters are coming back at the last minute asking for additional information or questioning some piece of information they have had for weeks! Is it happening everywhere around the country or just here in the Hoosier State? Thanks again Tara.
By Rosieg1947,  Thu Aug 4 2011, 13:43
Was wondering why i repeatedly had to furnish the same documents over and over.
That is just crazy. I finally after 2 months got an ok from the underwriter. I thought they had alzimers and couldn't remember where they filed them all. Thank goodness this will be my last home purchase. I have bought $250,000 houses with less problems than this one at $87,000.

Needless to say I am so stressed out from all of this all I want to do is close settle in and go on with my life.
By Janis Orshal,  Thu Aug 4 2011, 13:44
Thank you! I felt like I was listening to myself. You provided the same advise I share upfront. We do not give this advise to scare buyers, instead to educate and assist buyers from the get go.
By Michael Kaput,  Thu Aug 4 2011, 14:04
By Michael J. Kaput, Broker/Owner of First United Realtors. 08/04/2011, 4pm.
I have lost many deals due to buyers buying a car during the loan process. I also lost 2 deals after finding out one or both buyers lost and quit their jobs before closing and still thought they would be ok. Some people do not listen to the Lender an/or Realtor when You tell Them what to do or not do, They will do whatever they want reguardless of the problems they cause. It does get frustrating.
By Josey Cabaj,  Thu Aug 4 2011, 14:04
Thank you Tara for a great article. We actually have a document in our application package that addresses most of the issues you mentioned that affect the buyer. We can't stress that enough, nobody involved wants surprises at the closing table!
By Verena,  Thu Aug 4 2011, 16:08
Since I moved here from Canada and have my permanent residency this is really good information. Everything is so different and I need to know it all! Keep posting all that great stuff, basic or not, some people like me have to learn the ropes all over again and yes, some people are new buyers and have to learn for the first time. PS YES you have to worry about some of these tips if you pay all cash (to Dummy) as you could sign a document and lose all that cash to the fine print! And I hear you on the cookie jar thing, we have exactly the same thing, who wants to keep their money in the bank right now?
By Maxcal1,  Thu Aug 4 2011, 18:23
Constructive advise Tara. Thanks for your detailed information and knowledge.
By Wes Black,  Thu Aug 4 2011, 19:36
Great advice again! Thank you.
By Dianne Dumas,  Thu Aug 4 2011, 19:45
Thank you very helpful
By Pat Roseboom -561-921-5409 *Fast Response,  Thu Aug 4 2011, 19:49
Thank you for helpful information
By RYAN MCKINNEY,  Thu Aug 4 2011, 20:14
Thanks Tara!
By Kathy Weber (951) 551-7587,  Thu Aug 4 2011, 23:49
Great information Tara. Thank you.
By Joanne Infurna,  Fri Aug 5 2011, 06:19
Fantastic Advise! Jo Anne Infurna Prudential Sterling Properties 321-544-8144
By Team Sell @ Tuscawilla Realty,  Fri Aug 5 2011, 07:07
Tara, Good advice. I would add that if it is a foreclosure; call the title company at least 3-4 days before to feel them out as to whether they have completed the title searches. Ask for the names of the people who say they have been completed. It puts them on notice. I have found that often they do not touch the file until 24 - 48 hours before. You can tell when you call that often it has not been touched by the reaction.
By Dawn Van Dyke,  Fri Aug 5 2011, 10:21
Good advice. These should be obvious to most people but I am always surprised by the number of people who will go out and finance a big purchase just before closing on a house.
By Jack Gillis, CRS, M.B.A., J.D.,  Fri Aug 5 2011, 11:37
Great post to the community. Very interesting.
By Naomi Bratton,  Fri Aug 5 2011, 11:52
It is amazing how many Buyer's are not aware of the steps in the home buying process. Luckily, there's a Realtor wherever you are that can help! Using a knowledgeable Realtor will make your life so much easier, and streamline the home buying or selling process. Thanks for the reminders Tara!!
By Jonathan Shidler,  Fri Aug 5 2011, 15:08
A small thing I am reminded when it comes to closing time:
"Poor Prior Planning, Produces Piss Poor Performance"

Good advice, indeed.
By Voices Member,  Sat Aug 6 2011, 17:53
Could some of the issues you mention be avoided if we could close escrow faster, say 14-21 days? Long escrows almost invite troubles!
By Crystal,  Sun Aug 7 2011, 02:20
I have never made such a large purchase butI am about to start the process of house hunting and purchasing a home and I found this to be very very helpful. Thank you.
By Carol Gordon,  Sun Aug 7 2011, 20:31
Helpful info. as usual. Thanks, Tara.
By Carolyn Hauck,  Mon Aug 8 2011, 08:37
Great tips to pass along thanks!
By Tamara Schuster Broker, Agent,  Mon Aug 8 2011, 21:28
Always a good idea to go over closing papers in advance. Make sure your agent is at the closing. As an agent in the Chicago area I am always at the closing for my clients as many things may go wrong and you are the key ingredient to helping bring everything together as You have been there from start to finish.
By Kathryn Acciari,  Wed Aug 10 2011, 08:59
Well said, Tara. It all comes down to buyers being absolutely diligent about buyers being able to indicate stability in their financial status and being prepared for possible changes to their mortgage package.
By Sonja M. Castro,  Thu Aug 11 2011, 11:35
GREAT ADVISE THAT EVERY ONE SHOULD KNOW. THANK YOU SO MUCH!
By Becky Morris,  Thu Aug 11 2011, 14:57
Excellent advice!
By Iinkmepretty,  Mon Aug 15 2011, 09:28
So, what do you do when you lender screws up on paperwork and drops the ball? I'm literally 5 days from my closing deadline and then I have to pay $250 in per dium everyday afterwards until we close. This is my LENDERS fault, I've done my paper work, he dropped the ball and didn't do his work.
By Walter Stone,  Tue Aug 16 2011, 13:11
Great message/ advise. Sometimes us older agents need to STOP and get a settlement sheet the day before. Could save lots of time?? walter stone
By Debra DeRoco,  Wed Aug 17 2011, 12:42
Outstanding tips!
By Gregg/tony,  Thu Aug 18 2011, 15:31
linkmepretty drop that leander and get another one who knows their job and doesn't screw
the buyers or home owners.. Find one that is honest and upfront.. They are out there ..good luck
By Gregg/tony,  Thu Aug 18 2011, 15:37
Tara Thanks has always you have given us more information on doing our home work
when purchasing a home or selling a home.. Thank You :-)
By Steven Ford, Broker, ABR, SRS, e-Pro,  Wed Aug 24 2011, 17:51
It was said earlier...review the settlement statement in advance...I take old settlement statements (sanitized for privacy) and use them to educate first time home buyers so they already know whatone looks like and what to expect.
By Jeanne Feenick (908) 337-0943,  Wed Aug 24 2011, 19:39
Great idea Steven! I just had a deal that was nearly derailed because of some surprises when the bank rechecked the paystubs/ratios. Good advice to buyers - consistency is key, no suprises once between application and close!
By Veronica,  Wed Aug 31 2011, 10:06
Great article but I would like to add one thing. Do your walk through several days prior to your closing , therefore if there are any issue to address concerning the repairs you can work through them prior to the closing table. The closing table should not be the place to talk about leaky toilets etc, or have hostility over repair issues.
By Patti Chapman,  Wed Jan 4 2012, 20:05
Good article and a reminder to stay on task through each step of the process.
By Katalog firm,  Tue Apr 9 2013, 04:20
Very helpful. Making my life easier for sure.
By Neil,  Sat May 18 2013, 20:37
I've learn some just right stuff here. Certainly worth bookmarking for revisiting. Here is my site: http://www.rearmyourselftexas.com
By Voices Member,  Fri May 31 2013, 13:50
This article definitely made my life quite a bit better! I love your articles!

David | http://tlchhcidaho.com/in-home-care/
By Mark,  Fri Jun 28 2013, 08:20
Your article I learned a lot of things, thank you... http://chexsystemsremovals.com
By Voices Member,  Mon Sep 2 2013, 13:48
I love reading your articles, Tara! Please keep writing and sharing your knowledge with all of us! :)

David | http://www.azarkodental.com/patient-forms

POST
 
Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer