goinghome
Sep 4, 2007, 02:28 PM
I know how a home is purchase with a mortgage. What is the process when a home is not financed, but purchased with cash?
DianeV Sr Loan Officer
Sep 4, 2007, 09:54 PM
You have an attorney draw a purchase and sales agreement with terms everyone accepts and signs for and then a closing is held. The buyer brings a certified checkto the closing. The settlement agent deposits in his account, and once all the documents are signed and recorded the settlement agent pays the seller.