107 - Legal & Documentation Matters

First Home - California - A podcast by California Department of Real Estate

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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