Augusta Georgia Real Estate And Personal Injury Law Blog

It's quite common for you to have to select an attorney and for them to set a closing date soon after you enter into an agreement to either purchase or sell your home. What you may not realize is that the date often changes between the time when it's originally set and it takes place. There are many reasons why a real estate closing may get delayed.

One of the more common reasons why a closing may be delayed is because lenders need additional documentation to extend a loan to you. While most realtors will require for you to have a prequalification letter in place, that document generally outlines how an extension of a loan to you is contingent upon a re-verification of your financial statements. Your lender may ask you for updated pay stubs, tax forms and other documents before moving forward in underwriting your home loan.

If you watch the news, then you may feel as if you hear a lot more about fires in the winter than you do during other seasons of the year. You're not imagining things. A study previously published by the United States Fire Administration pointed out how there's an uptick in structural fires during the winter. There are a few primary reasons that these blazes occur when it's cold outside.

One of the most common reasons fires occur during the cold weather months is because people use various devices to try to stay warm. Electric blankets and space heaters are two items that if used improperly or placed too close to flammable objects can cause a fire. This is especially the case if they're used for a prolonged amount of time.

In Georgia, it's a requirement for all real estate closings to be presided over by an attorney. Your lawyer performs many of the same responsibilities that a title company in many other states may carry out. Attorneys can help both buyers and sellers in many ways that title companies never could though.

First, you must know who the closing attorney represents. While they're generally hired by the lender to help facilitate the legal transaction of transferring real estate, the lawyer at the closing must be responsive to all parties involved. It's the closing attorney's job to respond to any legal questions that may arise as truthfully as possible if any of the other parties aren't represented by an attorney.

Last month, the Federal Reserve Board announced that they're capping interest rates where they're at for the time being. There's been a decrease in mortgage applications since then. There are signs that fewer homeowners are interested in refinancing their loans as well.

Data compiled by the Mortgage Bankers Association (MBA) shows that mortgage applications submitted decreased by 2.2% during the week ending on Nov. 15. The number of homeowners who pursued refinancing had increased by 13% as of Nov. 8. It decreased to 5% one week later.