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  • Sep 4, 2007, 02:28 PM
    goinghome
    Purchasing a home for cash
    I know how a home is purchase with a mortgage. What is the process when a home is not financed, but purchased with cash?
  • Sep 4, 2007, 09:54 PM
    DianeV Sr Loan Officer
    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.

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