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a year
A regular SBA loan deal can be closed and funded within 10 days of the initial package. In some cases, a closing can be expedited.
Your closing date-typically 30 days if all goes well.
Yes all Fannie Mae loans with enough persisitance can be modified.
With the consent of the property owner and lender, the deed is valid immediately after it is recorded in the county public records. It is a good way to avoid the foreclosure process, but, oddly, many lenders will not accept such a deed and insist on the expensive and tedious foreclosure process.
You do not take ownership pursuant to the date of the closing. You take title when the owner executes a deed in writing, delivers it to you and you accept it. Recording that deed gives the public notice that the land has a new owner.
As long as it takes for you to draft a new deed and record it.
a year
It depends on whether you mean you received the deed (delivery of the deed) from the grantor or seller, or if you received it from the county clerk or recording office 5 mos after the closing. In what are called "race-notice" states, (NY is one, for example), the deed is effective when recorded, so the fact that you received it in the mail five mos later doesn't affect your title to the property. If you didn't receive it from the seller or it didn't get recorded till five mos. after your closing, you didn't own the property until the deed was delivered and recorded. If you do not receive a deed until five months after closing, it does not mean ownership hasn't been changed or recorded properly title insurance ensures your interest as well as the lenders. Check with your local recording division or your title company as their attorney(s) should see to it all documents are handled accordingly.
Depends. Each municipality's system probably differs on turn around time, and you also are at the mercy of the closing attorney or title person responsible for filing it. When I file my own, I stand there and wait for it, it takes about 10-20 minutes. Some attorneys wait till they get a pile of them before they send someone down to the clerk's office; I've had them take a month or more after the actual closing to come back .
As soon as a deed is recorded in the land records it gives notice to the world that you are the owner of the property.
Generally, the transfer of the property takes place at the closing. Once the deed has been delivered to the buyer at the closing the property has a new owner. The deed and mortgage are then taken to the land records office for recording. In some jurisdictions the closings take place at the land records office. Once the deed and mortgage have been recorded in the land records the proceeds are handed over to the seller.
You should get the deed to your property at the closing and it should be recorded immediately. Some land records offices scan it and return it immediately, others take longer to get the information into their systems and will mail it back within a few weeks. Some registered land systems keep the original in their files. You can obtain a copy from wherever the deed was record.
To actually have the process take place? It depends on the speed and efficiency of the Clerk's Office. You can probably request expedited handling if it's THAT important.
I'd say about a year, but I'm not positive. I've had mine for 5 years, and i can take them out for about a month without them closing.
Liens are found prior to the closing when the title to the real estate is examined so that the buyer can take title free and clear of any liens.Liens are found prior to the closing when the title to the real estate is examined so that the buyer can take title free and clear of any liens.Liens are found prior to the closing when the title to the real estate is examined so that the buyer can take title free and clear of any liens.Liens are found prior to the closing when the title to the real estate is examined so that the buyer can take title free and clear of any liens.
A regular SBA loan deal can be closed and funded within 10 days of the initial package. In some cases, a closing can be expedited.