Real estate blog entries tagged with closing by Benjamin Clark - Exclusive BUYER'S AGENT - Certified Negotiation Expert

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closing: How is Earnest Money Applied at Closing? - 04/08/09 11:35 AM

Earnest Money is applied as a credit to you at Settlement.
The settlement sheet is basically a balance sheet. The money you owe is on the top of your side (purchase price, closing costs, your portion of property taxes, etc.) All the money paid on your behalf (loan proceeds, earnest money, … (0 comments)

closing: "Impressed with Your Professionalism" - 02/27/09 01:26 PM

Ben,I wanted to take a moment and thank you for letting us help you with the purchase transaction for the Tanners. I was impressed with your professionalism and particularly the depth of your understanding of the closing process and the HUD-1 settlement statement. Your attention to detail is obviously a huge … (5 comments)

closing: Q&A: Does property left in a home become the Buyer's at closing? - 04/12/08 11:57 PM

Q: One of our acquaintances yesterday mentioned that they were under the impression that when you close on a house technically everything inside the home technically becomes yours as well. Is that actually how things technically work by default? You close and everything inside the home changes ownership?
A: With regard to … (10 comments)

closing: What is the difference between Settlement, Closing and Possession? - 04/12/08 11:51 PM

When you go to "Settlement" you will sign documents such as your loan documents. Recording won't take place until after the Seller is paid. Possession can take place at any time as specified in the contract. See Section 3 of the Contract: "Settlement and Closing" Settlement occurs after ALL of … (0 comments)

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