Posts Tagged ‘close of escrow’
Seller Wants Two-Week Extension to Close Escrow
Question: My wife and I are first time homebuyers in our late 20s. We signed a contract to purchase a home in Chandler. The close of escrow is scheduled in two weeks. Our apartment lease ends in two weeks. The seller’s real estate agent just told us that the seller will not be able to…
Read MoreRecent Power Of Attorney May Not Revoke Earlier One
Question: Our mother is in her 80s, and we recently moved her from her Sun City home to an assisted living facility. My younger brother has always been a problem for the family, and for the last three years he has lived with our mother. I have a power of attorney from our mother that…
Read MoreClarifying Title Commitment Versus Title Insurance
Question: In a recent column, you said that the title company would have no responsibility if the title commitment negligently failed to discover a “cloud on the title.” Isn’t that what title insurance is for? Can you please clarify? Answer: I was trying to explain the difference between a title commitment and a title insurance…
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