Lawyer needs the money upon closing, no money means no deal and your deposit on the house can be forfeited or returned less all lawyer`s fees.

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We are getting ready to close on our house we are selling. the buyer keeps making requests to come into the house to perform various measurements and to check things out. aside from a "final walk-through", do we "have" to let the buyers in? i always thought that you did not enter the home from contract signing to closing aside from the final walk through.

No, you do not "have" to. Any "inspections" should be arranged through the realtors. If they just want to measure for furniture, etc., you might be a little accomodating.

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I recently built a house, it is actually finished this week, but closing is not for another month...i'm ready to move? can i?

You don't own it yet if you haven't closed.

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Hi there, i can use your tips on how you get your house ready for winter, i live in rainy or where it is just about to turn from over 100 degrees to rain all winter, please tell me what i might need to do . i know i need to clean out gutters and is this true: ___ close foundation vents. if you have opened your foundation vents for the summer to allow accumulated moisture to escape, now's the time to close them up again.

heat rises, so good insulation in the attic helps, and energy effecient windows...check for cracks and buy some caulking to fill in any you find...covering windows with the plastic that clings..it does work! You should also check around door and get new weather stripping if needed Also, change the filter on your furnace so it is more energy efficient and get your chimney cleaned Lastly, cover or remove window/wall air conditioners.

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We bought a house from the builder and paid the deposit and upgrade fees a year ago. the house will be ready in 6 months. we change our mind and want to sell that house. can we sell it before the closing?

You can sell the house only if you can deliver clear title to Buyers. That would require that the title to the real estate is in your name, and there are no encumbrances against the title, like mechanic's liens and mortgages. You will also have to deliver an Affidavit to the title company and to the Buyer that there is no labor or materials used or applied to the real estate that has not been FULLY paid. If you do not actually own the property, your contract with the builder will state whether or not the "contract"; is assignable to another Buyer. If it is, and you can find a Buyer, you can sell (or assign) the "contract" to a Buyer. The terms of the assignment will probably be detailed in the "contract". It will probably require the Builders written approval. You should consult with an attorney before you enter into such a transaction.

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I have an existing home and am buying a new home which is under construction right now. what steps do i need to take in selling my current home? how much in advance do i need to put my current home on the market? how do i screen seller's real estate agents? how much commission should i expect tp pay them? what points do i need to consider when choosing a seller's agent? can i hold off closing the sale of my existing house till my new house is ready to close? thanks

I'm a realtor in CA. With the way the market is right now, I'd list your house right away. Many houses are staying on the market for 6-9 months before they are sold now. You may be in a situation where you sell before your new house is built, but it's far easier to find a temporary rental than to pay on 2 mortgages. When screening an agent, find out what kind of marketing they do and make sure that they will also hold frequent open houses for you. Right now, most of my houses are selling because I am holding regular open houses. Standard commission rates are 6%, with 3% going to the listing agent and 3% going to the buyer's agent. Some realtors will list your home for 5% and still give you all of the service of an agent charging 6%. The downside to paying 5%, instead of 6% is that the commission paid is now only 2.5% each side and less agents will show your house to their buyers because they are making less money. Most builders will not hold off the closing of your new home. The only option you may have is a bridge loan, where you take a loan on the equity of your current home as a down payment for the new one. Again, this creates a higher monthly output when it comes to payments so I do not recommend this in a market such as now. If you have any further questions, you can e-mail me at CalifLoanOfficer@Yahoo.com.

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From the past. we don't have any bank statements at all as we both never had any accounts. not sure what to do? we are so ready to close on this house and then this has to pop up. we just opened two accounts in our names last friday but that was last friday. help? i have already been pre-approved for this loan. i cashed my wrok checks at my uncles store. i have a mortgage broker and he said all the paper work was in and he did not need anything else from me other then to wait for the special care worker to call me with the closing date and what not. i always paid my bills on time and by money order or credit card. we are suppose to close on the house on the 27. guess i will wait until morning and talk to my broker. i just don't like suprises more so when i asked already if everything was in he needed. i'll figure something out. i said we did not have a bank account for many years and paid everything by money order. we do have both checking and saving now and yes we have the full closing money in it. everything has been taken care of and is fine now. closing on the 27 of july. thanks anyways.

how will you pay closing costs, down payment with no money in a bank? How do you pay bills? if you have lied about your assets, get ready to lose this house. Banks don't finance people who have no way of paying.

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My closing on my house is tomorrow afternoon and i was just told by my lawyer the unfortunate news that the sellers are not going to be ready to move out until 3 days after the closing which lands on a friday. has anyone had any experience with this? i've heard that this isn't a great situation. any experience with this happening to you?

Seen it. Hand them a bill for $150 bucks a day and request a final walk thru before you agree to dispurse funding.

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The builder call us that will be closing within this week, but we have no words from our mortage company. we already forwarded all the documents our mortage ask and they already give us & let us sign some documents & this happen a month ago, we have no words from our mortage until now. does it mean were approve adn ready to close? does the builder and our mortage company have a comunication like our mortage can say to our builder that "ok you can close know".

The builder says the house is ready, the mortgage company says the money is ready. The golden rule, the one with the gold, makes the rules. Good Luck Mortgage broker

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Help! i am a first home buyer. i had my closing date schedule for last wednesday but the mortgage company realized that some information was missing in some of the papers two days before closing and when they were trying to put everything together they couldn't have it on time, part of the reason was hurricane ike. they seemed to have everything ready before the hurricane, then life turned into a chaos for everybody for a couple of weeks, when the mortgage company returned to their office (4 days before closing) they realized that they were not ready for my closing, for example: my verification of employment was not filled out completely by human resources and when the mortgage company caught on this they tried to contact human resources and they were not working because they didn't have electricity. i actually fixed this by meeting someone from work authorized to sign this kind of paper and somehow i was able to enter the building that had a "closed" sign (a few people were already working) so that i could fax it from there. i thought that we were going to be ready after this, but then they realized that the house needed to be re-appraised due to the fact that the whole fence was replaced after the hurricane. this incident and some other things that i don't understand quite well got everything delayed. i understand that the hurricane got on everybody's way, but i think this mortgage company could've been more efficient. i am really frustrated with them. i don't want to do business with them but i am not sure if at this point i could change mortgage companies. if i want to use a different mortgage company, will everything get delayed even more because i would be starting from zero? they said we will close next week, but they don't give me a definite date!!! i am so upset and frustrated!!! i put a lot of time, effort, and emotions into finding a house and now that i found the right one for me it seems like it won't be for me!!!!! i was supposed to be owning that house right now... i was supposed to be moving today... and i am still at my apartment :( what should i do? (please, answer my question only if you know what you are talking about... example: if you are a mortgage broker, a realtor, etc)

I have been a mortgage banker for 22 years. I can tell you this- they should never have set a closing date with you until they had everything in, all the verifications- of employment, of rental history, your W-2 forms, pay stubs, bank statements etc. The V.O.E. (verification of employment) should not have been an issue a few days before closing! Sounds like the processer wasn't one of the better ones. However, hurricane IKE did delay some of my companies loans. This is because the underwriters are required to have a re-inspection done if the home is in a location considered a disaster area. This is really for the lenders and your protection. The appraisers in the area are probably really busy since they are having to do so many homes! Just make sure that your real estate agent takes care of extending your closing date on the contract if needed . You don't want to get the final Clear to Close and find out your contract has expired! If you do change mortgage companies, you basically have to start over- but the appraiser will usually transfer the appraisal to the new lender for about $100.00- & you probably have everything they would need pretty handy. However, your rate could change, your fees etc. I would give them a little more time- call them monday & demand to know what's up. Good luck!