Buyers often assume their mortgage choice is locked in the moment a contract is signed. In reality, loan programs can change during the transaction. What matters is whether that change alters the terms of the deal. Switching from a conventional loan to an FHA loan is possible after a contract is in place, but only...
We live in a DIY world. You can file your taxes, draft a will, and remodel a bathroom with the help of a few YouTube videos. So when it comes to real estate contracts, you might think, “How hard can it be?” The answer: hard enough to land you in a lawsuit. Know that I...
In the rare event that a buyer backs out at the closing stage of a real estate transaction, significant issues arise, particularly concerning the earnest money deposit. The fate of this deposit typically becomes a central matter of negotiation between attorneys representing both parties. Negotiating a Split When a buyer backs out, attorneys often negotiate...
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