When taking possession of a new home, what does broom swept condition actually mean?
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Tag: closing
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What is a trust agreement in Real Estate?
In most cases, the beneficial and legal owners of a property are one and the same, but they can be separate individuals through a “trust agreement”. Simply put, a trust agreement is a legal tool to separate the legal and beneficial owners of the property. What are “legal owners”? The legal owners are the persons… Continue reading What is a trust agreement in Real Estate?
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Deeded automates onboarding to dramatically speed up closings
The most anticipated part of a Real Estate or mortgage transaction is being done with it. Closing is by nature the most complicated part of buying a home or refinancing a mortgage. Tying together every loose end and officially sealing the deal involves coordinating dozens of documents and data that come from various sources,… Continue reading Deeded automates onboarding to dramatically speed up closings
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Five most common title transfer issues
A title is a legal term that means registered owner of a property. A title transfer is assigning ownership, or part of the ownership to another party. When purchasing a property, the title must be transferred from the seller to the new owner. However, it is not always as simple as signing a document, a large number… Continue reading Five most common title transfer issues
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I Received the Previous Owner’s Bill. What Should I Do?
You’ve spent the first month living in your new home and you couldn’t be happier. However, when you go to check the mail, you notice a most unwelcome surprise. The city indicates there is an amount owing from the previous owner’s bill. Your first thought might be malicious intent on the side of the seller,… Continue reading I Received the Previous Owner’s Bill. What Should I Do?
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How Can I Protect My Home With a Will?
Prepared by Willful for Deeded Owning a home is so exciting! You’ve likely been preparing for this purchase for a long time. You’ve just closed and you just can’t wait to move in and settle down. We’re not here to bring down the mood, but have you thought about what happens to your home if… Continue reading How Can I Protect My Home With a Will?
