Who Gets Involved in the Mortgage Process?
The Buyer and the Seller - the seller is offering the property for sale, and the buyer wishes to purchase the property. These individuals usually work through others to negotiate an agreement to purchase the property.
The Seller - The person or business offering the property for sale.
The Real Estate Agent - Representatives of the buyer and/or seller. They are paid a commission (a percentage of the sales price of the home) for their work in facilitating the sale.
Your insurance agent - your lender will insist that you have the property insured in order to protect them in the event of a fire, flood, or other catastrophy. The lender will have minimum insurance requirements.
Posted : April 01, 2009 | 
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