Can I Hold Title?

Often when people mention “title,” they’re referring to the chain of title—or the record of owners on the deed of a particular property dating back to the dawn of its time.

Sometimes there might be a situation in which multiple people are buying one property together, but not all of them are borrowers. So can you have an owner who is not a borrower along with an owner who is a borrower listed on the same deed?

Watch this week’s video to find out!

You can always contact Stiles Law by calling (781) 319-1900.

Copyright © 2021 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.

How to Buy Your Dream Home in 2021

 

With the current status of the real estate market, buying a home might feel like a losing game. But it’s not impossible to succeed. How can you get your offer accepted?

Teamwork really does make the dream work. You need advocates in the form of a buyer’s agent, a loan officer and a closing attorney. These are professionals who can support and advise you through the process while making your offer stronger.

Consider the seller’s needs, appraisal gap coverage and an escalation clause to boost your appeal as well.

You can always add a personal touch to try and stand out. Your best bet is to be strategic and give it everything you’ve got. If it doesn’t work out, maybe it just wasn’t meant to be, but at least you’ll know you put your best foot forward.

We can help! Start at calendly.com/mstiles and you can get connected with the right attorney for you.

You can always contact Stiles Law by calling (781) 319-1900.

Copyright © 2021 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.

ALTA Settlement Statement Overview (MA)

 

If you’re buying or selling residential real estate in MA, you’re likely going to be seeing an American Land Title Association (or ALTA) settlement statement. Its purpose is to explain all of the money transferring hands in your transaction in the form of direct payments, loans, and adjustments. Everything is separated between the borrower/buyer and seller in different sections with labels on each column and row.

Pay special attention to loan fees and impound charges (aka escrows) which exist to approve the buyer and protect the lender, respectively.

Don’t forget there are charges associated with selling! Check out our more in-depth video on this topic, linked in the video above.

If you have any further questions about ALTA settlement statements or other documents, contact Stiles Law by calling (781) 319-1900

Copyright © 2021 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.

Closing Disclosure (CD) Overview

 

Mark is back this week with another overview of an important legal document. Are you refinancing again? Or getting ready for your new purchase closing? You’re going to encounter a CD or Closing Disclosure. This explains your loan in a nutshell. It was created post-2008 to protect the consumer.

Between escrows, closing costs and adjustments, Mark guides you through the small print and the details to look out for.

If you have any further questions about Closing Disclosures or other documents, contact Stiles Law by calling (781) 319-1900.

Copyright © 2021 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.

What to Expect Before Closing

 

After your P&S is signed, make sure your mortgage loan professional has everything he or she needs from you. Pay special attention to the finance contingency provision date. The closing date is fixed and cannot be changed without everyone agreeing. Lastly, get your funding in order and maybe hold off on scheduling contractors until it’s a done deal. Enjoy the ride!

If you have any questions about closing, contact us by calling (781) 319-1900 or by visiting https://stiles-law.com.

Copyright © 2019 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.

Transparency and Submitting an Offer

When submitting an offer, being up-front about your needs is imperative to the process. This week, Mark discusses how to be transparent about financing contingencies, home inspection contingencies, appraisal contingencies and home sale contingencies, as well as advice on how to brave the  negotiation process.

If you have any questions about submitting an offer and how to have a successful and reasonable transaction, contact us by calling (781) 319-1900.

Copyright © 2019 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.