Entries for October, 2011

Do You Want to Purchase Property Like a Pro?

Click on this link… How to Purchase Property Like a Pro.

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What is a Sale-leaseback?

A sale-leaseback is a transaction where a company sells the real estate it owns and then leases the same space back on a long-term lease.    This is a popular way to free up capital for business expansion

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What is a Notary Fee?

A notary may charge for affixing her name and seal to various documents authenticating the parties’ execution of these documents.

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What is a Survey Fee?

The Title insurance company or Lender may require a survey of the property if you are obtaining a mortgage loan.  The survey is to verify the boundaries of the property and that your lot has not been encroached upon by any structures.   Costs for a survey typically range from $250-$350. Usually the Borrower pays for [...]

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What is a Credit Report Fee?

The credit report fee covers thte cost of the credit report, which shows the Lender the Borrower’s attitude and willingness to pay debt on time.  The three major national credit bureaus are Equifax, TransUnion, and Experian and they supply Lenders with the information on your credit.

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What is the Commission Paid at Settlement?

The commission paid at settlement (closing) is the total commission to be paid.  It may be charged to the Buyer, the Seller, or both

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