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Commercial Refinance – Part 3

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Commercial Refinance – Part 3

3 things to know for the commitment stage to the preclosing stage:
Title means legal ownership of your property. The bank must be certain that nothing is against the property. Ensure the title company is experienced, knowledgable, and reasonable because they are your gateway to the closing.
Survey Do you have a survey on the home, how old is it, and do you have a copy?
Violation In New York, you need to file paperwork, and zonin. Every bank handles it differently, though. Find out about your state.

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