sale proceeds

How Great Fielders and Great Closers Are Alike

Making a Catch — or a Closing “Save” — Look Easy “Paul Blair never made a great catch because he never had to; he was always standing under the ball when it came down.” –Earl Weaver, Baltimore Orioles manager; “Paul Blair, Center for Champions, Dies at 69.”  The New York Times (12/27/2013). How are great...
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Pre-Holiday Weekend Closing Quirks

Anyone closing on the sale of their home today may be puzzled why the pay-off amount in their HUD-1 (closing statement) exceeds their current (online) mortgage balance. The explanation? Banks assume that they won’t receive the proceeds from closing until the next business day — and therefore keep the “interest meter” running. Ordinarily, that would...
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