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Your settlement statements serves as your final accounting of all the costs associated with your home purchase. It is a standard form produced by the US Government Housing and Urban Development (HUD). You will want to save this statement for future reference and provide a copy to your tax accountant in the year you close your home. Prior to getting a settlement statement your lender should have provided you with a good faith estimate on the cost of buying your [...]

Not necessarily. Oklahoma has a lot of clay in the soil, and it is common for the soil to shift during extreme weather, especially our hot summers. This shifting over time can cause foundations to shift, resulting in cracks. In addition, or high winds can cause walls to shift and crack even if the foundation is solid. There are primarily two ways cracks develop in the exterior walls. This crack in the brick was caused by cracks in the foundation [...]

There are usually only two times when purchasing a home that you will deal with escrow – funds being held by a third party. Once during closing, and then each month when you make your real estate mortgage payment. Closing Escrow When you make an offer on a home, you will write an earnest money check that will be placed in an escrow account, usually controlled by a local title company. Neither the buyer nor the seller can touch the [...]