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Articles 2018-02-06T08:55:09+00:00

What is the “Closing Table”?

The “Closing Table” is your resource for real estate laws, news, and information in South Carolina. These articles are for realtors, mortgage lenders, buyers, and sellers of property in South Carolina.

Earnest Money and the Real Estate Commission

By | February 16th, 2018|Legal Tips|

The South Carolina Real Estate Commission recently ruled that earnest money may not be released unless the parties to the contract sign a release or a court order is issued. The Commission's ruling, however, flies [...]

What is the REAL ID and Why do I Need One?

By | January 24th, 2018|Legal Tips|

In 2005 Congress passed the REAL ID Act as an attempt to prevent tragedies like 9/11 and other terrorist attacks. Because the process of applying for and receiving an identification card varies greatly from state [...]

So when is the Closing Date?

By | December 22nd, 2017|Legal Tips|

Recently several agents have asked what the closing date in the contract means.  Most real estate contracts state that the transaction will "close on or before" a date.  But what happens if the buyer or seller [...]

What is the Aggregate Adjustment?

By | December 15th, 2017|Legal Tips|

Section 10 of the Real Estate Settlement Procedures Act sets limits on the amount of  borrower money that a lender may hold in escrow. An escrow account may include taxes, homeowner's insurance, flood insurance, private [...]