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March 13, 2008
If you have done your homework, the closing day should be fairly smooth. There are a couple of last minute details that you need to be on top of.
The 24 hour rule. All HUD-1’s must be approved by the accounting department 24 hours before closing. This means that if you want to close on Friday [...]
Timing is Everything: Part 2
Insurance is easy to overlook, but the lack of it can hold up a closing for days. Depending on your relationship with your insurance agents, you may be able to get insurance within an hour or two. However, some agents need a couple of days to view the property, and since [...]
March 11, 2008
Timing is Everything: part 1
Closings in real estate are different than most sales closings. Closings are a formal process in the world of real estate. Closings occur at an attorney’s office by appointment, not as a spontaneous act. While in other industries, the sales close may happen at the cash register or in a back [...]
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