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Legal Point of View

Pros & Cons

Post-Closing

Possession by Seller

Presented by: Christina J. de Uribe, Esq.

Friday, February 2

10am – 11am via ZOOM

  • Why do Sellers want post-closing possession

  • Why Buyers may like the Idea

  • What are Buyer and Seller risks

  • What are insurance and loss risks

  • What problems do Post-Occ agreements present for lenders

🏡Closing Insight 💡

An unreleased deed of trust is a cloud on title and technically renders the property unmarketable. This is a common title defect usually arising from the current owner’s purchase of the property where the prior owner’s mortgage was paid-off but the deed of trust was not released from the land records.

 

If the last servicer of that loan is in business, usually a release can be secured within 2 weeks. Older loans are more difficult and take more time. A copy of the seller’s title insurance policy will enable the title insurance company to “insure over” this lien and allow the closing to take place, if the buyers agree, even if the lien release has not been secured by the closing date

MBH Ultimate Home Buyer Guide

🏡✨

Including:
NVAR January 2024 Contract

  • Amazing Business Building tool for Agents
  • Attract New Clients
  • Make a complex process Easy & Enjoyable

Available in English and Spanish

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MBH ULTIMATE HOME BUYER GUIDE

Virginia Home Buyer Guide

Virginia Home Buyer Guide

A comprehensive guide to buying a home in Virginia including contract explanation and useful tips. Includes NVAR Jan 2024 Contract info.

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Maryland Home Buyer Guide

Maryland Home Buyer Guide

A comprehensive guide to buying a home in Maryland including contract explanation and useful tips. Includes MAR Contract info.

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DC Metro Home Buyer Guide

A comprehensive guide to buying a home in Washington, D.C. including contract explanation and useful tips. Includes GCAAR Contract info.

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Virginia Home Buyer Guide

Coastal Virginia Home Buyer Guide

A comprehensive guide to buying a home in Coastal Virginia including contract explanation and useful tips. Includes REIN Contract info.

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MBH VA Home Buyer Guide En Espanol

Virginia Home Buyer Guide SPANISH

A comprehensive guide to buying a home in Virginia including contract explanation and useful tips. Includes NVAR Jan 2024 Contract info.

View Online or Download

MBH MD Home Buyer Guide En Espanol

Maryland Home Buyer Guide SPANISH

A comprehensive guide to buying a home in Maryland including contract explanation and useful tips. Includes MAR Contract info.

View Online or Download

MBH DC Home Buyer Guide En Espanol

DC Metro Home Buyer Guide SPANISH

A comprehensive guide to buying a home in Washington, D.C. including contract explanation and useful tips. Includes GCAAR Contract info.

View Online or Download

Coastal Virginia Home Buyer Guide SPANISH

A comprehensive guide to buying a home in Coastal Virginia including contract explanation and useful tips. Includes REIN Contract info.

View Online or Download

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