What is the Statement of Information and Why is it Needed? According to the California Residential Purchase Agreement released on April 28,2010, all Sellers of a Residential Property shall provide the escrow holder completed Statements of Information within seven days after acceptance of contract. Understanding Statements of Information What’s in a name? When a title […]
With home ownership comes the need to protect the property against the past as well as the future. Each successive owner brings the possibility of title challenges to the property. Title insurance protects a policyholder against challenges to rightful ownership of real property, challenges that arise from circumstances of past ownerships. Here are 21 […]
Who Pays for What During an Escrow? The Seller can generally be expected to pay for: Title Insurance Premium & Escrow Fee Real Estate Commission Document Preparation fee for deed Documentary Transfer Tax (1.08% of sales price) Any City Transfer or Conveyance Tax Any Loan Fees Required by Buyer’s Lender Payoff all Loans in Seller’s […]
What Is An Escrow and Why Is It Needed? An escrow is an arrangement in which a neutral third party called an escrow holder, holds legal documentation and fund on behalf of a buyer and seller. Escrow then distributes them according to the buyers and sellers instructions. Both the buyer and the seller rely on […]
Looking to buy a home? Here are five essential tips for making the process as smooth as possible.
Moving from a small town or suburb to a large city can be an intimidating proposition. Here are a few tips to help make your move as painless as possible.
As the events of the last few years in the real estate industry show, people forget about the tremendous financial responsibility of purchasing a home at their peril.