Blog Archives

Understanding Your HUD Settlement Statement

Understanding Your HUD Settlement Statement

It is not uncommon for buyers and sellers to be confused when trying to understand each line item on their HUD settlement statement.  These items at times can be perplexed when it isn’t something seen everyday.  The HUD settlement statement is basically the receipt for the real estate transaction, so it is very important to have an absolute understand.  Read the rest of this entry

Facts about title insurance ~ Did you know??…

Title insurance is one of the most misunderstood products of the real estate transaction. i Property records are jerky and confusing at best. There are no consistent recording methods and the laws pertaining to them are not easily maneuvered. When I got in the title business 12 years ago and since then, I have reviewed thousands of HUD1 settlement statements. I have closed too many transactions and until just recently, I thought I a had a pretty good handle on it all. Well, not the case!………. and I am certain that even those that have 2 or 3 times my years of experience, do not know it all. Read the rest of this entry

Real Estate Closing Survival Guide – Part II

Real Estate Closing Survival Guide – Part II

Some closings are actually two closings depending on the area (State/County) you close in. You’ll be
closing on the purchase of real estate, and you’ll be closing on the mortgage loan you are taking to buy that real estate. Some documents are common to most closings, and other documents will be unique to your area or situation. Read the rest of this entry

Vocabulary Lesson 8

vocabulary property guiding

Lesson 8

Ever wonder what the fees on your HUD meant, let alone what they were? In this vocab lesson, see what it is you are really paying for. Read the rest of this entry

Vocabulary Lesson 7

vocabulary property guiding

Lesson 7

 

Contract and Closing vocabulary… sometimes a word gets mentioned and you just scratch your head, well…..scratch no more!!

 

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