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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 |
Which estate has two pools--one on the east side for the morning sun and one on the west for afternoon enjoyment?
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| A |
The former estate of John Lennon in Palm Beach has two pools plus guest quarters. |
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Cary Fargo & Doug Schaeffer
Prudential California Realty
7300 Healdsburg Avenue
Sebastopol, CA. 95472
Cary's Phone: 707-824-4507
Doug's Phone: 707-824-4502
Fax: 707-829-5028
Cary's Email: cfargo@sonic.net
Doug's Email: doug3@sonic.net
No one knows Sonoma County like Cary Fargo and Doug Schaeffer. They specialize in Country Properties. Call or email Cary or Doug today!   
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