[rescue] Gigabit Ethernet (Copper) Switch Advice SOught

[N.Miller]

On Thursday, August 21, 2003, at 10:10 AM, Sheldon T. Hall wrote:

> Dave McGuire says ...
>> The only thing I know about real estate transactions
>> is that they're overcomplicated. :-/
>
> It looks that way because you're actually doing so many things at once.
> Typically, someone (either the buyer or the seller) has to pay off a 
> number
> of people, ranging from the courier to the closing attorney, old 
> mortgages
> have to be paid off and new ones created, stuff has to be recorded, 
> etc.
>
> A lot of the complication is in the creation and recording of the new
> mortgage.  If you're actually buying the house for cash, and not 
> having a
> mortgage, you'll be saving a _lot_ of paperwork.

A lot of the complication is added by real estate agents, as well.
Buyer to seller transactions (if you know your stuff) are generally
easier.  Make friends with your escrow company people.

> One small word of advice:  Buy some "buyer's title insurance."  
> Generally,
> title insurance only covers the mortgage holder, and, if there's no 
> mortgage holder, there won't be any.  Title insurance is a racket, but 
> you want some in case there's a problem down the road.

Ditto on that, though depending on the state, it may not be necessary.
Ask your *escrow* company for advice (*not* the real estate agent)--
they know this stuff inside and out.

=Nadine=