I have had this situation a few times: a client calls not too long before closing, and they’ve gotten cold feet. What happens if you don’t want to close the deal? Generally, if you refuse to close, you must have a legitimate reason. As a buyer, if you find something out that would severely affect… Continue reading What happens if you don’t close?
Month: May 2013
Mortgage Monday Rate Update – May 2013
For those that are shopping for a new house, or looking to do a refinance (or even just a simple mortgage renewal), rates and numbers are an important part of the mortgage equation. When rates change even the slightest of percentage points, it could cost or save you thousands of dollars. Every once in a while, here… Continue reading Mortgage Monday Rate Update – May 2013
Cutting ties
What happens when you own a property jointly with someone, and don’t want to share any more? Your kindergarten teacher probably wouldn’t be happy, but technically, you can sever a joint tenancy without any notice to the other parties. Basically, you do a transfer from yourself to yourself, with a statement that it is being… Continue reading Cutting ties