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BaroqueMama
Chase is one!
Member since 5/05 27530 total posts
Name:
me
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Dumb, first-time home buyer questions inside...
Ok, so we signed our contract on Monday, blahbetty blah. Then we got the committment letter, or whatever it is, from the mortgage broker. Now, it says under the additional conditions that need to be met that we need a survey and a title binder. How the hell do I go about those two things, who do I call, what the hell do I do? I'm so clueless. I have no idea what to do and I feel like everyone expects us to know what we're doing when we've never done this before Any help would be appreciated.
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Posted 2/14/08 11:00 PM  |
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Jacksmommy
My love muffin!
Member since 1/07 5819 total posts
Name:
Liz
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Re: Dumb, first-time home buyer questions inside...
I know that my lawyer dealt with those things on our house!
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| Posted 2/14/08 11:01 PM |
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BaroqueMama
Chase is one!
Member since 5/05 27530 total posts
Name:
me
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Re: Dumb, first-time home buyer questions inside...
Posted by ejm1219
I know that my lawyer dealt with those things on our house!
Ok, good to know, good to know. I guess I'll call him tomorrow. I felt like my real estate agent was awesome at walking us through the steps in the beginning, but now it's kind of out of her hands, and I'd like someone else to hold my hand through this now
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| Posted 2/14/08 11:03 PM |
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kdanik
LIF Infant
Member since 7/07 148 total posts
Name:
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Re: Dumb, first-time home buyer questions inside...
Your attorney orders the title report and if the title company cannot locate a survey and your Seller doesn't have an old one....your attorney needs to order a new survey. The title report is usually ordered as soon as you are in FULL contract and it can take up to 2 weeks.
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| Posted 2/14/08 11:05 PM |
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BaroqueMama
Chase is one!
Member since 5/05 27530 total posts
Name:
me
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Re: Dumb, first-time home buyer questions inside...
Ok, next dumb question, what's a FULL contract? 
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| Posted 2/14/08 11:06 PM |
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beautyq115
New Year!
Member since 5/05 13729 total posts
Name:
Me
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Re: Dumb, first-time home buyer questions inside...
Posted by prncss
Ok, next dumb question, what's a FULL contract?
When both parties..you and the seller have signed...it is a fully executed contract
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| Posted 2/15/08 6:18 AM |
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ali120206
2 Boys
Member since 7/06 17790 total posts
Name:
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Re: Dumb, first-time home buyer questions inside...
Posted by kdanik
Your attorney orders the title report and if the title company cannot locate a survey and your Seller doesn't have an old one....your attorney needs to order a new survey. The title report is usually ordered as soon as you are in FULL contract and it can take up to 2 weeks.
Even if a survey can be located, it is a good idea to get a new one (and in some areas it's required).
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| Posted 2/15/08 9:13 AM |
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PotofLuck06
Our Baby Boy Is Here!!!
Member since 11/06 13241 total posts
Name:
Betsy
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Re: Dumb, first-time home buyer questions inside...
Posted by ejm1219
I know that my lawyer dealt with those things on our house!
Our lawyer took care of all that, too!
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| Posted 2/15/08 9:36 AM |
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CrankyPants
I'm cranky
Member since 7/06 18178 total posts
Name:
Mama Cranky
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Re: Dumb, first-time home buyer questions inside...
I think the others are right-your agent and lawyer coordinate that for you. Congratulations on your home!
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| Posted 2/15/08 9:40 AM |
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DRMom
Two in Blue
Member since 5/05 20223 total posts
Name:
Melissa
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Re: Dumb, first-time home buyer questions inside...
The attorney will handle the survey and title. You need it to close. Did you get your inspection yet?
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| Posted 2/15/08 11:02 AM |
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SweetTooth
I'm a tired mommy!
Member since 12/05 20105 total posts
Name:
Lauren
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Re: Dumb, first-time home buyer questions inside...
Yep, your attorney should handle it. And being in full contract means both parties have signed.
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| Posted 2/15/08 12:56 PM |
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BaroqueMama
Chase is one!
Member since 5/05 27530 total posts
Name:
me
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Re: Dumb, first-time home buyer questions inside...
Ok, thank you to everyone who responded. Here's how it stands...I called my mortgage guy and the attorney and we don't need to worry about the survey or the title, the attorney is working that out. We are in full contract, and we are basically set for now. Thank you to everyone who responded. I feel like I'm walking into a black tunnel sometimes!
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| Posted 2/15/08 8:46 PM |
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beautyq115
New Year!
Member since 5/05 13729 total posts
Name:
Me
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Re: Dumb, first-time home buyer questions inside...
Now is the waiting game...I hated this part. YOu have no control over how slowly everyone will work and get things done!!
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| Posted 2/16/08 11:56 AM |
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csorisi
My 2 LOVES
Member since 11/05 1984 total posts
Name:
Corinne
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Re: Dumb, first-time home buyer questions inside...
Posted by prncss
Ok, so we signed our contract on Monday, blahbetty blah. Then we got the committment letter, or whatever it is, from the mortgage broker. Now, it says under the additional conditions that need to be met that we need a survey and a title binder. How the hell do I go about those two things, who do I call, what the hell do I do? I'm so clueless. I have no idea what to do and I feel like everyone expects us to know what we're doing when we've never done this before Any help would be appreciated.
Your attorney will order a title report if he/she hasn't already and there may be a previous survey on the premises. I would suggest that you have a new survey done or have them update the previous one. It may cost you a little more money but in the end you are making sure that you know what you are buying and certifing that a neighbor hasn't put a fence on your property or the other way around.
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| Posted 2/16/08 2:25 PM |
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DUCKS2001
Then there was 2
Member since 3/06 5696 total posts
Name:
Christine
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Re: Dumb, first-time home buyer questions inside...
this is such good info thanks for asking
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| Posted 2/17/08 10:33 PM |
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MrsPornStar
Partners in crime
Member since 10/05 14656 total posts
Name:
Mama
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Re: Dumb, first-time home buyer questions inside...
Congratulations on being in contract!  
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| Posted 2/18/08 3:11 AM |
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