His Refinance Closed - But a Deed Mistake Later Cost Him a Home Sale | Real Estate Attorney

Before your next refinance or closing, call us at 203-693-8055 or visit our website https://closingct.com/ Your refinance was approved - but what if a mistake in your deed is still waiting to cause problems when you sell? In this video, Connecticut real estate attorney Kishore Kapoor shares the story of Ollie, a homeowner who purchased two parcels of land. The deed mistakenly repeated the description of one parcel instead of correctly describing both. Although Ollie was being taxed on both parcels, his ownership documents needed to be corrected. Ollie proceeded with his refinance without fixing the deed. Years later, when he tried to sell, the same issue resurfaced - and the buyer represented by Attorney Kapoor walked away. Through this story, Kishore explains what your closing attorney handles during a refinance, from reviewing title and correcting ownership issues to obtaining mortgage payoffs, explaining loan documents, and managing the movement of funds. 📋 WHAT YOU’LL LEARN ✔ Why lender approval does not mean every title issue has been resolved ✔ How an incorrect property description can create an ownership problem ✔ Why completing a refinance does not automatically correct a deed mistake ✔ How an unresolved title issue can disrupt a future home sale ✔ What your closing attorney reviews during the title search ✔ Why obtaining a mortgage payoff and recording its release are separate steps ✔ What to understand about your promissory note, mortgage, and closing disclosure ✔ Why you should review occupancy obligations before planning to rent out your home ✔ How your old and new mortgage escrow accounts are handled ✔ What your attorney coordinates between signing and disbursing the refinance funds 🏡 A CLOSED LOAN DOESN’T MEAN A FIXED TITLE Ollie’s refinance went through, but the deed error remained. When he later tried to sell, the problem returned. Addressing an ownership issue during a refinance can help prevent it from becoming a last-minute obstacle in a future transaction. 🔑 UNDERSTAND WHAT YOU’RE SIGNING Your refinance involves more than a new interest rate or monthly payment. Your closing attorney reviews the legal documents, explains your obligations, answers questions, and coordinates the payoffs and funds needed to complete the transaction. 🏡 REFINANCING OR SELLING IN CONNECTICUT? Connecticut Real Estate Closing Attorneys 📞 203-693-8055 🌐 www.connecticutrealestateclosingattorneys.com/ Subscribe for more real-life closing stories and practical guidance from Attorney Kishore Kapoor - where we make real estate closings easy to understand.