Closing And Contracts
My question is how does a closing on a sub 2 deal work. Recording a deed does not constitute a closing, so at what point does a title company or RE attorney get involved.
Also, when filling out a Sales and purchase agreement with a seller, what information are you using. For example where it states Purchase Price is this:
a. original loan to seller
b. balance on the loan
c. a new agreed upon price between the seller and the buyer?
and...when it states the date of closing, once again is this the day you get the deed or ......?
Please help with details please
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