Arlington, N.E. Tarrant County and Mansfield Texas real estate listings, home buying, selling and relocation information

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Disclosure Laws >Avoiding Delays During Escrow

Unforeseen problems can arise during escrow, and closing dates are never set in stone! Lenders, appraisers, title attorneys, credit check services, or anyone who is involved in the transaction could potentially delay a closing. Stay in close touch with your real estate agent, who will notify you of deadlines and help you deal with delays.

Well-written sales contracts are the key to avoiding problems during escrow. For example, provisions can be included in the agreement that require the buyer to provide evidence of sufficient funds for down payment and closing costs, or to present proof of the ability to obtain homeowner's insurance. Because of new restrictions on insurance policies, the mortgage lender may require insurance before funding the loan.

There is also a section in the sales contract wherein the seller makes a warranty to the buyer of the condition of the property. It is important to make sure that this clause is modified to reflect the seller's transfer disclosure statement. If this is not done, the seller could be required to repair items that are found to be dysfunctional or faulty, and this could add time to the escrow period.

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Q	What does the abbreviation PITI stand for?
A	Principal, Interest, Taxes and Insurance are the four major items included in a monthly mortgage payment.
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Diana Dedwylder, REALTOR®, real estate agent and broker for Arlington, N.E. Tarrant County and Mansfield Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Diana Dedwylder
RE/MAX Pinnacle Group Realtors
1241 W Green Oaks Blvd.
Arlington, TX. 76013
Phone: 817 299-1033
Fax: 817 460-3903
Email: DianaDedwylder@NUMBER1EXPERT.com
Welcome to the END of the INTERNET! You have found the very last web site you will need for all of your real estate needs. www.YourDFWAgent.com Call Us Now, 817 299-1033 Credibility: · Over 1500 Homes Sold One at a Time · Over 17 Million Closed in 2002 Ranking Top 1% in the USA · Inducted into the Remax International “Hall of Fame” · Remax Platinum Club Award Winner · 30 Years of Market Knowledge · Graduate of Real Estate Training Institute, Prudential Mgmt Training, Century 21 Real Estate Training, Henry S. Miller Training, Certified Residential Specialist “less than 2% of agents Nationwide have this certification” · Proud Sponsor of the Childrens Miracle Network The Diana Dedwylder Team would like to thank everyone for all the continued support and referrals. Thanks to you we are looking forward to another record-breaking year. Although there is a wealth of knowledge at www.YourDFWAgent.com put our team to work directly! We want to speak with you. Call Us Now, 817 299-1033

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