by Gary Pickren | Oct 16, 2015 | Legal Tips
As I am sure you are aware, the closing of loans originated after October 3 will require the lender to provide the borrower a Closing Disclosure Statement at least 3 business days before closing (consummation). The lender may utilize the closing attorney to either...
by Gary Pickren | Oct 16, 2015 | Legal Tips
Before I get to this week’s tip, I hope that everyone is safe and that those who did suffer a loss are recovering. I am extremely proud of our local real estate industry for the amount of support and help they have shown our fellow South Carolinians. We are an...
by Gary Pickren | Sep 30, 2015 | Legal Tips
If you are representing the seller and you receive an offer from a buyer who indicates on the contract that they are a licensed agent, it would behoove you to require the earnest money be held by your broker. Having the buyer’s company hold the earnest money has the...
by Gary Pickren | Sep 24, 2015 | Legal Tips
An agent asked if she could tell a client that a particular house was in a great neighborhood for children. She was concerned that the comment could violate Fair Housing rules. I reminded the agent that familial status is a protected class. Familial status means a...
by Gary Pickren | Sep 17, 2015 | Legal Tips
In the contract there are several places that say “and the earnest money shall be released to the Buyer or Seller.” Does this provision mean a release does not need to be signed because the contract clearly states who gets the earnest money in the particular...
