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 How do I sell my house in spain quickly?
Ihave a house in Spain in almeria and I need to sell quickly. It is a beatiful house with 4 bedrooms and all other rooms ,plus 6400m2 of land on a very private plot, but only 2kms from the nearest ...


 I owned land with my ex-husband and he just died. What happens to the ownership of the land now?
...


 Is there a way of getting out of a recently purchased Home?
We purchased a home in May and I do not like the location.. I guess I didn't do enough homework before we bought it, actually I felt pressured by our Mortgage Company to buy. Is there any way ...


 Buying a house. dont know anything?
what are property taxes? how do they work? do you pay a little each month? what causes them to go up? can you please explain property tax to me. please make it as simple as possible
Additional D...


 My husband and i are going to start flipping houses.?
is there anybody out there that has flipped a house before? we are interested in learning all there is to learn about it, so that we can ensure that we make a profit....


 Seller cannot close after accepting offer - Help?
My contract with the seller expires today because the seller cannot come up with enough additional funds to close. He owes his lender more than the house is worth. I believe the seller is working ...


 I bought my home about 3 years ago and since have gotten married now i am?
tryn to sell my home ,i set a price and the people went to the bank to see about getting a home loan to buy my home the man called back and ask if we would come down on the price because his intrest ...


 Mortgage broker is telling me that I'm needing to come up with about $500 more when closing is scheduled for?
the 10th. This is based on the lender wanting more up front to cover escrow. The closing has always been scheduled for the 10th but now the broker is telling me this has changed because it's ...


 How can I find out in whose name a house/flat is registerd?
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 First time buyer...house or condo?
...


 Winter Fuel Payment?
My wife was 60 on 07/03/08 and i am still 56.

1.Will she be entitled to the payment
2.Does she have to apply/fill in any ...


 What are the risks / cons with buying home no money down ?
it will be used as rental ...


 Can someone please tell me?
I am renting a unit and the other day the owners turned up unannounced and wanted to look through the unit to see if anything needs doing

I thought they had to give at least 1 to 2 weeks ...


 I have a house on the market with a realtor, my neighbor is interested in it. Can I take it off the market...?
and then sell it to him myself, to keep from having to pay any money to the realtor? Is there a waiting period after I end the contract with the realtor that I have to have before I can sell it on my ...


 Estate agents cant value my property?
My mum and dad have a unique house and the local estate agents have no idea of price.

It's a very nice house and different to any in the town they live and so is more likely to sell ...


 My home is worth 200k less than what is owed. We can't afford the payments and nothing is selling! Walk away?
Nothing is selling in my area and I don't want to deal with a short sale....


 Who takes pictures of the interior and exterior of homes for sale?
I like to look at houses for sale on local real estate sites. And I like taking pictures. It seems that the houses that have pictures would probably sell better. Could I contact a company and take ...


 Buying a house...advice please!?
We accepted the sellers counter offer. But they said someone else was going to come look at it today. So, if these people put a bid for it that is higher than what we accepted, can the seller than ...


 Who gets house?
I meet my wife amost 3 years ago , dated a year and married for almost 2 years. She has a son age 7 that also has been living with us. I have bought a house a year ago with my name on the loan and ...


 If I like a property marked at 190k, what offer is reasonable considering the current market at the moment?
Of course we all want a bargain. Is anyone a Uk estate agent who can give me ideas of what offers are being submitted compared to asking price??...



na5nica
What happens to the deposit on a house at closing?
We are buying a house and we put down money for a deposit on the house. Do I get the deposit back at closing? Or is it used to pay other fees?
Additional Details
I do have estimated prepaid fees and a small amount of closing costs fee, the seller will assist me with the majority of the closing costs.
                     
 




Iroc
Everyone here is right, but nearly every purchase is different, it all depends on the contract, the agreement with the mortgage company. You can request your earnest money back at the close, you can have the seller pay some but not all of your closing. There are many different options ask your banker.


Expert Mortgage Banker
The deposit is credited back towards any closing costs, prepaid items and or down payment at the closing. You will see it as a credit on your HUD Settlement statement.

If you are receiving 100% financing plus rolling closing costs and prepaid items into the loan. You will receive this money back in check form at the closing.

Visit my blog http://mortgagecounselor.blogspot.com or my website www.johnleblanconline.com for more information as it pertains to real estate and mortgage financing.


Jay
Rating
If you're buying a house, the deposit goes towards the down payment (if any) or other closing fees. If any is left over, you will get a refund (the closing agent will issue you a check).


murrayc
Rating
It reduces the final price owed (your balance).


nojoke
no. the deposit goes towards your home. your loan officer should have given you a good faith est. tell them you need this paperwork b/f you go on. this paper will break everything down to the final numbers


Roger C
It is applied toward closing costs and/or the down payment. It reduces the $s you have to have at closing.


zyberianwarrior
Rating
deposit is used to pay for the fees.


sixerak
Rating
a


iceman
Rating
The deposit is just the money you are puting towards the house to reduece the amount you financing. At closing, the deposit plus the rest of the mortgage goes to the seller. I dont know what these guys above me are talking about, but it has nothing to do with closing. You will hae to play your closing costs seperate of the deposit.


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