by Hancock, McGill & Bleau | May 27, 2020 | Closing Services
We are often called upon to review commercial loan documents for clients. This usually occurs a few days before the scheduled closing. At that point, there is no time to change lenders if the loan documents contain onerous terms; all we can do is inform our client of...
by Hancock, McGill & Bleau | May 13, 2020 | Closing Services, COVID-19, Real Estate
COVID-19 has disrupted and continues to disrupt the real estate closing process. There are several addenda floating around which attempt to deal with the issues which result from the coronavirus. Most (1) extend the closing date if the closing cannot be performed due...
by Hancock, McGill & Bleau | Jul 18, 2019 | Closing Services, Tax Prorations
Tax Prorations can be confusing if you are not a seasoned veteran of real estate closings. Most real estate contracts will contain a section dealing with tax prorations. In Texas most residential transaction use the Texas Real Estate Commission (“TREC”) contracts....
by Hancock, McGill & Bleau | Jun 12, 2016 | Buying Real Estate, Closing Services, Real Estate, Selling Real Estate
In an ideal world, possession of property would occur at closing of the purchase. However, as you well know, we do not live in an ideal world and sometimes change of possession occurs before or after closing. Failure to properly document these short term tenancies...
