by admin | Jan 8, 2010 | Real Estate Transactions
Change in federal law will affect residential real estate closing process. For many years, federal law has required the Buyer and Seller of residential real estate to sign what is referred to as a “HUD-1” closing statement. The purpose of the HUD-1 is to disclose all...
by admin | Jul 1, 2009 | Real Estate Transactions
What is owner’s title insurance and why do I need it? When you purchase a home, your lender will insist that you have a title insurance policy for the amount of your mortgage loan. It is important that you also have coverage to insure your ownership interest. There...
by admin | Jul 7, 2008 | Real Estate Transactions
We’re thinking of buying a home together, but we’re not married. It increasingly is common for non-married people to buy a home together. What happens if the relationship ends? Who stays? Who goes? What are the terms? A written agreement that sets forth the rights...
by admin | Jan 13, 2008 | Real Estate Transactions
Is a reverse mortgage right for you? If you are short on cash, have limited income, and have substantial equity in your home, a reverse mortgage may be an option to consider. Available to homeowners 62 or older, with limits on the amount that can be borrowed...
by admin | Sep 20, 2007 | Real Estate Transactions
The importance of adhering to time limitations specified in the inspection contingency. Residential real estate Purchase and Sales Agreements almost always contain an inspection contingency.The purpose of the inspection contingency is to allow the buyer time, after...
by admin | Jul 23, 2007 | Real Estate Transactions
Will the closing really take place on the closing date? If you are buying or selling a house, you assume that the closing date stated in the Sales Agreement means the closing actually will occur on that date. That is not always the case. Connecticut courts...
