107 - Legal & Documentation Matters

In this episode we talk about what’s likely the most complex and most important part of the homebuying process. Topics covered include: The legal paperwork you’ll need to review and sign before buying a new home. The information that needs to be disclosed to you before a sale. The mindset a homebuyer should have when approaching disclosure documents. The different types of disclosures – such as the Real Estate Transfer Disclosure Statement (TDS), Mello-Roose Districts, Bond Assessments, Natural Hazard Disclosures. The other reports homebuyers will receive – such as the Preliminary Title report and a public report. The financing paperwork you’ll receive – such as the Loan Estimate and Closing Disclosure. Our Guest: Kevin Burke, Licensed Real Estate Broker and teacher of Real Property Law

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Whether you’re a young professional looking to invest in your future, a couple ready to settle down and start a family, or someone starting a new chapter in your life, buying a home is a significant milestone. But, it can also be an overwhelming and complex process. That’s why the Department of Real Estate has created this podcast, First Home California – to provide you with knowledge and insights. Our goal is to help you get to a place where you know what to expect during the homebuying process, and to help you make sure you’re ready to make informed decisions about what will likely be the biggest purchase of your life. Each episode will focus on a specific part of the homebuying process and provide consumer protection tips.