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Residential closings
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TUCKER’S TIP: SPECIFIC POWER OF ATTORNEY OBSERVATIONS

Specific Powers of Attorney can be a useful legal tool for many clients buying and selling real estate. Some pointers about using Specific Powers of Attorney for real estate transactions are as follows: Most lenders prohibit Settlement Attorneys and/or other related parties (e.g., realtors) from serving as POAs: plan accordingly. The contract should name the Read More

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Specific Power of Attorney Observations for Real Estate Transactions

Specific Powers of Attorney can be a useful legal tool for many clients buying and selling real estate. Some pointers about using Specific Powers of Attorney for real estate transactions are as follows: Most lenders prohibit Settlement Attorneys and/or other related parties (e.g., realtors) from serving as POAs: plan accordingly. The contract should name the Read More

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Avoiding Real Estate Settlement Wire Fraud

Realtors: It’s all over the news here, here, and here. If you haven’t had the nightmare, someone you know has: your client receives an innocuous email and follow-up phone call from someone who claims to be from the Settlement Agent’s office updating their wire instructions. Wanting nothing to postpone the home purchase, your client complies Read More

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William D. Tucker, III │ Last Minute Changes on the CD

Tucker’s Tips  Tip 13-2016:  TRID – Last Minute Changes on the CD Here is another example of why it’s important to stay flexible during the closing process now dictated by TRID regulations. Although lenders theoretically have to tell the Purchaser how much money is needed for the closing well in advance of the actual settlement, Read More

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William D. Tucker, III │Choose Your Own Settlement Agent

Tip 12-2016:  Choose Your Own Settlement Agent Never choose the settlement agent selected by the REO bank as the seller. That settlement agent’s primary relationship is with the REO bank. Tucker’s Tips encounters time and again how using the REO selling bank’s closing agent causes needless issues and delays for a settlement.  For example, we Read More

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2014 Memorial Day (Real Estate Closing Advice)

Good news! All the Clerk’s Offices, Banks and Attorney’s Offices will be closed on Monday, May 26 for Memorial Day (is summer really here?).  Remember, all closings which need to occur before Memorial Day should be completed by Friday, May 23. The Clerk’s Offices stop recording around 4 PM on Friday afternoon. Accordingly, all closings Read More

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