by: Jeanine W. Johnson
Book $175. - Online course is in development
The text presents an overview of closing and its relationship among Real Estate Agents, Lenders, Title Companies, Attoreys and Regulatory bodies. It is designed for anyone desiring a better understanding of the closing process and the principles and procedures guiding the closing of the mortgage transaction in a non-escrow closing state.
Important note: For professional development only. This book is the same book used for the state licensed 8 hour closer pre license class. However, at this time, the course is licensed only in conjunction with classroom training for pre license or CE. Check back in the near future for the online pre license course or contact us to be notified when the online course is available.
Closing is the legal execution, or creation, of the sale of real estate, most often including a mortgage loan. At the closing, ownership of the property passes from the seller to the buyer. At the same time, the buyer generally borrows the amount necessary for the purchase, while pledging the property as security for the loan.
Closing the Residential Transaction presents an overview of closing and its relationship among Real Estate Agents, Lenders, Title Companies, Attorneys and Regulatory bodies. This course is designed for anyone desiring a better understanding of the closing process and the principles and procedures guiding the closing of the mortgage transaction, where the closing occurs in a non-escrow state, also called a table-fund state.
The course addresses:
The role of the Real Estate Agent in the closing process
Loan origination and underwriting concepts that affect the closing process
Purpose and use of Title Insurance and reading the title work
Legal issues related to closing
The impact of federal laws and regulations on the closing process
Documents present or executed at closing
Avoiding common issues for litigation in residential real estate transactions.
Closing the Residential Transaction discusses the law as it relates to real estate and fixtures, types of estates, types of multiple or co-ownership interests and drafting documents. It explains how to identify problems at the closing stage, and includes a discussion of the important role of the closer as a neutral third party in detecting and correcting errors to assure a smooth closing.
Cost: $175.00
Shipping & Handling: $10.00
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