closing - Articles

Escrow -- It's What Happens After Your Homebuying Offer Is Accepted

So the past few months you've shopped properties, submitted offers on many and gotten your hopes up -- only to be let down. But you haven't given up, and finally you get the call from your real estate agent: Your latest offer has been accepted! You might think it's the end of the road to property ownership. But really,... Continue Reading »

What a Homebuyer Should Know Before Closing

By Leonard Baron It's hardly page-turning literature, but there are many reasons why you should read these documents before making any property purchase: • Title abstract • Title insurance policy and schedule of exclusions • Plat or a survey while you walk the property boundaries • Homeowners'... Continue Reading »

Homebuyer's Remorse: How to Avoid and Cure

You've just bought a house. Friends and family are congratulating you and sending housewarming gifts. Everyone else is popping champagne corks, but you just feel queasy. What's going on? You could be suffering from buyer's remorse, that nagging feeling that perhaps you made a mistake, got in over your head, or for some... Continue Reading »

Real Estate Terms and What They Mean

Jaime Uziel knows that as a real estate attorney his clients depend on him to interpret the legalese that's part of any real estate transaction. He's happy to do that, he says, but he also tries to educate his clients about real estate terms and what they mean. "They are the ones signing these documents, and they should... Continue Reading »

Closing Costs: Settlement and Escrow

Set with solid jobs, nice cars and a baby on the way, there was only one thing Liz and Wes Clayton were missing: the perfect house. They had no problem tracking down the ideal three-bedroom ranch in Fairfax, Va., negotiating a price or securing a loan -- it was the closing costs that left them less than settled. "The only... Continue Reading »

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