That was a very concise explanation.

Actually, I'm glad to hear of his experience as it will make explanations much eaiser.

Specifically, I've heard numerous people use "double close" when the transaction being described was what Will is calling a simultaneous close.

They have also bought numerous townhomes & condos in developments where rentals are not even allowed.It will be interesting to see how long they will keep buying at this volume.

As far as here, I have never heard of (at least to this point) people being able to get this chemical that must be applied by a licensed pest control operator.Regardless, I still go back to my first explanation to say that applying it yourself (even if you can legally get it) may not be the best thing for you.

I have spoken to numerous people that have gotten cold calls from their bank (Usually BAC) saying that they wanted to refinance their loan for no fee's, no appraisal, no credit check and no employment verification.

I'm glad my explanations to her are mostly accurate :)From my understanding, the buyers agent's fiduciary duty is to you, the buyer.

You have to get reasonably proficient pretty quickly to be effective at reviewing numerous of properties.

@Wayne Brooks, really appreciated your explanation of the difference between a mortgage and a promissory note.

DaveIf you sort through the older discussions, you will find numerous threads looking for that ever elusive "reliable broker".