Posts tagged as:

closing costs

Truth in Lending statement

October 8, 2010

Here’s a primer from Chicago Title regarding the Truth in Lending statement, typically issued to buyers during escrow. There’s a helpful explanation of the Annual Percentage Rate (APR), about which clients often have questions.

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Message from a contract geek

March 1, 2010

This April, the first major revision (since 2002) of the CAR purchase contract will be released. This means we agents have to be vigilant about learning it and making necessary adaptations to the way we do business. Understanding transactional intricacies is key. I tell clients my job is not showing or marketing property; it’s keeping […]

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Title insurance – an explanation

February 12, 2010

The folks at Chicago Title provided an explanation of the role of title insurance. When buyers ask why it’s required as part of a purchase, the short answer is (if the sale is getting financed): Because the lender requires it. Well, attorneys can give plenty more reasons beyond that. Whether the buyer or seller pays […]

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