by Gary Pickren | Jun 2, 2016 | Legal Tips
Paragraph 9A of the Central Carolina Realtors Association contract says that the buyer will have a ten (10) Business Day Due Diligence Period beginning at the time of final Contract acceptance to conduct any inspection, examination and testing the buyer desires. It...
by Gary Pickren | May 26, 2016 | Legal Tips
More and more buyers are wiring an incorrect amount for closing. After inquiring the buyer often says that is “what my lender told me to bring.” What the buyer is really saying is “this is the number I saw on the Closing Disclosure Statement that...
by Gary Pickren | May 20, 2016 | Legal Tips
We are often asked to add a minor child’s name to the title. The reasons vary from not wanting to prepare a Will to trying to get the lower tax rate for primary residence. The disadvantages of putting your minor child’s on the deed far outweigh the reasons for doing...
by Gary Pickren | May 13, 2016 | Legal Tips
The dreaded call that all agents hate to make, “Sorry Seller but the house did not appraise for the purchase price.” So what happens next? If the contract contains an appraisal contingency, Paragraph 6E of the Central Carolina Realtors Association...
by Gary Pickren | May 6, 2016 | Legal Tips
When I started practicing law in 1995, I worked a case with one of the law partners, Frank. The opposing counsel made an error and missed a deadline. When I discovered the attorney’s error I told Frank, who called the attorney. The attorney asked Frank to...
