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.
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 [...]
Convincing Millennials the Time to Buy is Now! My friend, Dale Barker, and I were discussing interest rates this week. We reminisced about the “good ole days” when we got in the business and interest [...]
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 [...]
I have received several questions from real estate agents asking if advertising another agent’s listing on Facebook is proper and legal. The answer is, it depends. Leave it to a lawyer to give you a [...]
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 [...]
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 [...]