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What’s In a Wire?

The Ins & Outs of Wiring Money Funding – aka “the money” – is a very important part of the closing process when it comes to buying/selling a house. The buyer needs to have it, and the seller wants it. There are a couple of different ways that this can happen, either by check or by a bank wire. Now a check is pretty self-explanatory, but let’s hit on a few important and key points of this type of transaction. The buyer check should not be a personal check made out to the seller. It should also not be a
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Breaking Up With Your Mortgage

Breaking Up With your Home: Handling Homeownership During A Divorce  Sometimes love is fleeting and marriages end, but that mortgage you agreed to pay together back when you were still in love is still your responsibility…until you find a way to divorce that, too. Usually, the mortgage is the biggest liability a divorcing couple has to split, but divorcing your mortgage isn’t always easy. As far as your mortgage lender is concerned, if the mortgage was taken out in both of your names, then you are still required – and expected – to pay that every month. Here are a
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The Definitive Answer On Joint Tenants Selling Their Interest

We love answering your questions, and there is one that Matthew seems to get quite frequently lately as a result of the classes he’s been teaching, The Truth Behind The Title, so we decided to answer it here in an effort to reach more people. Question: Does a joint tenant have to give notice to the other joint tenant if they are selling their one half interest?  The presumption is that you must give notice to the other Joint Tenant to transfer your interest.  Do you need to give notice to your joint tenant before transferring your interest? Answer: The answer is,
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Why Choosing Local Is Best

When it comes to choosing a title company for your real estate transaction, you may think that cost is the most important factor. And arguable, it certainly is something to consider. But have you thought about the fact that your title company in Maine for the property you are buying in Maine, may not actually be based in Maine? This can actually be a pretty big deal. Please double check that the title company you are using is based in Maine. Be careful if they say they are “based” in Maine, simply because they have an office here. You want
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