by Gary Pickren | Jun 30, 2016 | Legal Tips
The buyer(s) listed in the contract for sale may be different from the parties who will actually hold title. Often this is seen where only one spouse is on the loan but both spouses are on the title. This may also occur where a parent is buying a house for a child or...
by Gary Pickren | Jun 24, 2016 | Legal Tips
When a title problem is discovered often times the closing attorney may say insurable title is possible but not marketable title. So what does this mean and how does it affect the real estate transaction? Generally, all marketable title is insurable, but not all...
by Gary Pickren | Jun 17, 2016 | Legal Tips
In order to have a ratified contract there must be acceptance and delivery of the contract. The party accepting the final offer or counter-offer must accept and deliver the signed contract back to the party making the final offer or counter-offer before the offer or...
by Gary Pickren | Jun 10, 2016 | Legal Tips
Last week we examined how to determine when the Ten Business Day Due Diligence period began. This post examines how to determine when it ends. Paragraph 9A of the Central Carolina Realtors Association contract says that the Buyer will have a ten (10) Business Day Due...
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...
