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Difference between revisions of "Buying a Home"
From Clicklaw Wikibooks
→=What about title searches and insurance?
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Once you’ve arranged your financing, ask the mortgage company to give you a written commitment letter promising to give you the mortgage. The lawyer preparing your mortgage can often perform your legal work for the purchase as well. | Once you’ve arranged your financing, ask the mortgage company to give you a written commitment letter promising to give you the mortgage. The lawyer preparing your mortgage can often perform your legal work for the purchase as well. | ||
==What about title searches and insurance?== | |||
Your lawyer can do a title search. The search will show the registered owner of the property and any charges, such as mortgages, liens, or easements, registered against it. Any existing mortgages and liens will have to be paid off by the seller before you buy the house. | Your lawyer can do a title search. The search will show the registered owner of the property and any charges, such as mortgages, liens, or easements, registered against it. Any existing mortgages and liens will have to be paid off by the seller before you buy the house. | ||
