westchester county home buying: The Fiduciary duties Of A Westchester County Buyers Agent - 08/16/10 03:36 AM

Once a Buyers Agency agreement is in place between Buyer and Agent a Client relationship is formed.  There are duties that are owed to the now Client, they are called Fiduciary Duties.  There are six in all and they are as follows:1) Obedience - The Westchester County Buyers Agent is required to act subject to the Clients continuous control (following laws of course) but not to exceed the scope of authority conferred by the Client.  Basically, the Agent shouldn't make any decisions for the Client.2) Undivided Loyalty - The Agent is prohibited from advancing any interests adverse to the Clients … (0 comments)

westchester county home buying: New Truth In Lending Act Disclosure Requirements Home Buyers Should Know About - 08/01/09 02:44 AM
Revisions to the Truth In Lending Acts disclosure requirements took place July 30, 2009.  Many believethe new requirements will be a challenge for lenders to comply and also may cause delays for closings.  Only time will tell, but once again the process has become more complicated.  The new revisions are as follows.
 
• The new requirements apply to all mortgages secured by a borrower's home, including
primary and second homes and refinancings. Investor loans continue to be exempt.
• Lenders must give good faith estimates of mortgage loan costs within 3 business days
after the consumer applies for a loan … (0 comments)

westchester county home buying: Title Insurance Policy - 03/21/09 01:07 AM
A Title insurance policy protects the Buyer against any loss if a defect in the owners Title is challenged by anyone at anytime.  The Insurance, paid by the Buyer is a large portion of the Closing Costs and a one time fee.  The policy will last through the entire period of ownership.  When applying for Title Insurnace the Title company will exam the Title for any defects or clouds as they are commonly known.  Some examples are forged documents, documents of imcompetent grantors, incorrect marital statements, and improperly delivered Deeds.  Once the Title company is satisfied they will issue a policy.  … (2 comments)

westchester county home buying: The Fiduciary Duties Of A Buyers Agent Owed To A Client - 03/11/09 03:10 AM
Once a Buyers Agency agreement is in place between Buyer and Agent a Client relationship is formed.  There are duties that are owed to the now Client, they are called Fiduciary Duties.  There are six in all and they are as follows:1) Obedience - The Agent is required to act subject to the Clients continuous control (following laws of course) but not to exceed the scope of authority conferred by the Client.  Basically, the Agent shouldn't make any decisions for the Client.2) Undivided Loyalty - The Agent is prohibited from advancing any interests adverse to the Clients interest or conducting the … (3 comments)

westchester county home buying: Buyer Representation Issues - 03/10/09 05:17 AM
Yesterday I wrote a summary of some of the benefits of working with a Buyers Agent.  Today I will focus on five important issues that should be covered when entering into an agreement.  One misconception is that a Buyers Agent costs more, the Buyer will pay more for the house, etc.  This is not always the case, the terms of a Buyers Agency agreement are negotiable and to be determined by the Buyer and Agent.  1) Exclusivity - This varies based on state law and the company procedure.  Exclusivity protects the right of the Buyers representative to be compensated when the … (1 comments)

 
Christopher Pagli, "I Stay Open Until You Close" (William Raveis Legends Realty Group) Rainmaker large

Christopher Pagli

"I Stay Open Until You Close"

Tarrytown, NY

More about me…

William Raveis Legends Realty Group

Address: 38 Main St, Tarrytown, NY, 10591

Mobile: 914 406 9023

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