real estate in colorado springs: Why Choose Wet Funding States Over Dry Funding States Or Vice Versa
- 06/14/11 10:01 AM
These terminologies have nothing to do whatsoever with alcoholic beverages but everything to do with the real estate industry. It pertains to the period where a new buyer can take possession of a property as soon as a new mortgage is considered closed. “Wet payment laws” require that lending banks disburse funds within a certain timeframe as soon as the closing date of the mortgage, which may change according to the specific state in which the loan was taken out. Variations in the law can cause disbursement times to vary from the day of settlement to within two days as soon as … (2 comments)
real estate in colorado springs: Real Estate Tip | Fee Simple Real Estate Ownership Transfer
- 06/06/11 11:14 AM
Signing a home sale contract and handing off the keys to the new owner is just the start of what you have to do in order to sell your home. Many different alternatives exist, in fact, to transfer your home’s ownership to a buyer. If you choose to sell your home in fee simple, it is one of your most thorough options. Broken down, fee simple essentially is an estate in land, and is sometimes referred to as fee simple absolute. Estates come in freehold and leasehold varieties. When you own a freehold estate, it means that your land if free of … (0 comments)
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These terminologies have nothing to do whatsoever with alcoholic beverages but everything to do with the real estate industry. It pertains to the period where a new buyer can take possession of a property as soon as a new mortgage is considered closed.
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