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lien waiver

Handling Issues That Come Up on Inspection: Two Options

The Easy Way . . . and the Hard Way The Buyer’s inspection revealed a material defect in the home that the Seller doesn’t dispute. Both parties want to stay in the deal. What are their options? Option #1: the Seller fixes the problem, prior to closing. Here are the related steps: One. Buyer and...
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Handling Issues That Come Up on Inspection: Two Options

The Easy Way . . . and the Hard Way The Buyer’s inspection revealed a material defect in the home that the Seller doesn’t dispute. Both parties want to stay in the deal. What are their options? Option #1: the Seller fixes the problem, prior to closing. Here are the related steps: Buyer and Seller...
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Handling Issues That Come Up on Inspection: Two Options

The Easy Way . . . and the Hard Way The Buyer’s inspection revealed a material defect in the home that the Seller doesn’t dispute. Both parties want to stay in the deal. What are their options? Option #1:  the Seller fixes the problem, prior to closing. Here are the related steps: Buyer and Seller...
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Handling Issues That Come Up on Inspection: Two Options

The Easy Way . . . and the Hard Way The Buyer’s inspection revealed a material defect in the home that the Seller doesn’t dispute. Both parties want to stay in the deal. What are their options? Option #1:  the Seller fixes the problem, prior to closing. Here are the related steps: Buyer and Seller...
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Off-the-Rack Suits — and Real Estate Contracts

Looking for a Size 47 1/2 How is drafting a real estate contract — or almost any contract, for that matter — like picking a men’s suit? In both cases, the usual starting point is to select the closest-fitting, existing garment — er, legal boilerplate — you can find. Step #2:  altering (“customizing”) it to fit...
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“Brand New Kitchen” — But Is It Paid For?

Multiple Choice Quiz The marketing verbiage on MLS touts the home’s “brand new, state-of-the-art Kitchen.”  Who’s going to take notice? A. Prospective Buyers. B. Prospective Buyers’ agents. C. The appraiser sent out by the lender. D. The title examiner. Answer:  all of the above. And why are title examiners scrutinizing MLS marketing verbiage? Because they’re looking...
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