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Preapproval letter

Pre-Approval Letters vs. Written Statements

“Bookends” at Beginning, End of Loan Process [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] As anyone who’s recently bought or sold a home in Minnesota knows, a...
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Pre-Approval Letters vs. Written Statements

“Bookends” at Beginning, End of Loan Process [Editor’s Note:  The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.  If you need legal advice, please consult an attorney.] As anyone who’s recently bought or sold a home in Minnesota knows, a Pre-approval...
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Pre-Approval Letters vs. Written Statements

“Bookends” at Beginning, End of Loan Process [Editor’s Note:  The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.  If you need legal advice, please consult an attorney.] As anyone who’s recently bought or sold a home in Minnesota knows, a Pre-approval...
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Whose Signatures Belong On the Purchase Agreement?

“One to Buy, Two to Sell,” But . . . “Two to Buy, Two to Sign“ It’s practically a mantra for Minnesota Realtors, starting with their pre-licensing coursework:  it takes one partner in a married couple to buy, but two to sell. Translation:  in Minnesota, married partners automatically have an ownership interest in their spouse’s...
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Real Estate “Guilt by Association”

Smoking Guns & Yellow Flags I think it’s fair to say that — as a rule — compared to “laymen,” Realtors put much less stock in things like Seller motivation; historical information like what the owner paid (unless it raises the prospect of a short sale); and even representations (or lack thereof) in the Seller’s Disclosure....
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Is the Buyer’s Pre-Approval Letter Part of the Purchase Agreement?

(And Why it Matters) Preapproval subject to the Seller paying 3% toward the Buyer’s Closing Costs. –Lender Preapproval Letter Lawyers — and Realtors who used to be lawyers 🙂 — know that if a term isn’t included in a contract . .  . it’s not in the contract. That’s because of something called an “integration clause” —...
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