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Updated over 8 years ago on . Most recent reply

Eric C.'s profile image
Eric C.'s profile image
Eric C.
  • from Laguna Niguel, CA
  • Member since Dec 9, 2012
Connect

User Stats

116
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46
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Eric C.'s profile image
Eric C.'s profile image
Eric C.
  • from Laguna Niguel, CA
  • Member since Dec 9, 2012
Connect
Eric C.
  • Laguna Niguel, CA
46
Votes |
116
Posts
Buying & Selling Real Estate

When is the buyer legally the new owner

Eric C.
  • Laguna Niguel, CA
Posted

Got an interesting situation.  COE was dated 9/12.  Lender funds arrived 9/12, Buyer funds arrived 9/13.  Some lender conditions were not met, but lender gave authorization to disburse the funds 9/13.  Escrow company is not disbursing until last piece of signed paperwork is received which will be 9/16.  Once received, escrow company will record.

What date does the new buyer start paying

- HOA dues

- Interest on the loan

- Property Taxes

- Property Insurance

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