Ok..last question...?

Question

Everything is going good but I am worried about the closing.
Will we still get the house no matter what defects are in the title
and does it have anything to do with what kind of loan we get?
We are signing the contract tomorrow & I'm VERY nervous...
Thanks,
N.

O and what kind of IDS do you need for the closing and suppose you don't have them? Would a checking acct or bills do?

And the loan already went through,we were pre-approved. Is that a good sign?
And there is an attorney involved...

Answer 1

I guess everything went well.

Answer 2

If there are defects in the title you will not close. Look closely at your contract, it should say the seller has to have clear and marketable title to sell to you. Also the lender will not fund the loan if the title is not clear. If you have not been notified of any defects in the title it is probably ok (if you are going to closing) Usually a title search is not done until there is a conract and a closing date. SO, if you are signing the contract tomorrow, don't worry about title yet, that is what the title company/closing attorney does. In reading your prior qustions about this, I really, strongly believe it would be in your best interests for you and your husband to have an attorney advising you. Buying a house is a huge purchase and you oneed someone knowledgeable helping you.

Answer 3

If they haven't postponed closing, your title is more than likely okay. If there were problems with the title, you would want them to clear the problems up before you bought the property, so that you would not find out later that you were not the legal owner, or that there were additional taxes due, etc...

Answer 4

YOU SAID THAT THERE IS AN ATTORNEY INVOLVED, YOU SHOULD HAVE AN ATTORNEY REPRESENTING YOU, HE SHOULD BE PROTECTING YOUR INTERESTS.
MOST CONTRACTS HAVE A CLAUSE THAT STATES SELLER MUST PRESENT A CLEAR AND MARKETABLE TITLE, THE LENDER SHOULD BE AWARE OF THIS FOR THIER OWN INTERESTS.