Tag: GCAAR

Scheduling a settlement date is a contractual obligation for homebuyers

Written by Federal Title on 2014-02-12.

An often overlooked provision in paragraph #6 of the GCAAR Regional Sales Contract provides that the “Purchaser agrees to contact the Settlement Agent within 10 Days after the Date of Ratification to schedule Settlement and to arrange...

The bait ‘n’ switch continued…

Written by Federal Title on 2013-08-27.

In Part 1, we looked at a scenario where a purchaser (Offer B) was attempting to switch from an “all cash” purchase to using lender financing under the GCAAR Regional Sales Contract, after the contract had been ratified. We concluded...

Agents can define ‘settlement costs’ in sales contract to protect clients

Written by Federal Title on 2013-01-02.

A closing at Federal Title last week resulted in a dispute between the buyer and seller over the definition of “settlement costs” that could have been avoided had the GCAAR Regional Sales Contract better defined the term. I’ll...

Adding a buyer to a purchase deed

Written by Federal Title on 2011-12-21.

Several times a month, attorneys at Federal Title are presented with the following scenario: My buyer wants to add his wife/girlfriend/parent/child to the deed at closing. Can you just add him or her to the deed when we come in to sign? The...

Changes in store for GCAAR Regional Sales Contract

Written by Federal Title on 2011-11-08.

The GCAAR Regional Sales Contract is widely accepted and used in the Washington, DC metro area as the standard real estate sales contract. As of January 1, 2012, some changes are going to alter the contract significantly. In response to...

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Tag: GCAAR

Scheduling a settlement date is a contractual obligation for homebuyers

The bait ‘n’ switch continued…

Agents can define ‘settlement costs’ in sales contract to protect clients

Adding a buyer to a purchase deed

Changes in store for GCAAR Regional Sales Contract

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