I am an attorney interested in real estate transactions. Can anyone give me some brief details on real estate transactions?
2007-02-19 16:42:37 · 2 answers · asked by wayne b 1 in Business & Finance ➔ Renting & Real Estate
If you are an attorney you should know to refer to your law books or just make it easy ask your local Abstractor
2007-02-19 16:53:00 · answer #1 · answered by SIDECAR 3 · 1⤊ 0⤋
In a nutshell.....A purchase contract is given to a 3rd party closer where a closing date is scheduled. Purchaser usually has a qualified lendor in which documents are handled and closed by closer. Abstract and title are brought up to date and read, an appraisal, inspection, and survey is made and these documnets are verified at closing. Then the deed is made out and seller signs property over to buyer and gets check. Closer files deed at court house records.
2007-02-20 01:55:16 · answer #2 · answered by lefty 2 · 0⤊ 0⤋