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	Escrow & Title ALTA Policy Escrow Protected after escrow? Condominiums as rentals? Common Ways To Hold Title Direct deeding is useful Escrow is open Comparing escrow fees Learn about contingencies Prepare for Escrow closing Prorations it pertains to rent Real estate taxes pro-rated Real property vs. personal property Real Estate Mathematics The hidden cost of closing Utility bills and escrow escrow agents have to report? Walk Through Inspection   Title 1031 reverse exchange 1031- Avoid capital gains tax ALTA Policy CLTA Policy Community property tates Creating a trust Clouds on a title Do condos need title insurance? Deed Deed of Reconveyance Dealing with boundary disputes Easements Exceptions in title insurance How much is title insurance? Lis Pendens Mortgages vs. deeds of trust Not married? Joint tenants? Proposed zoning change Preliminary Title Report Quitclaim deeds Statement of Opinion Title Insurance Title insurance and builders Your closing date-Who chooses? Why you should have title insurance Who pays for what Fees in Escrow An ALTA policy also called an extended policy, is generally purchased for the benefit of the lender. The buyer pays for this lender protection. It insures that the lender has a valid and enforceable lien, subject to only the exclusion from coverage noted in the exception schedule of title policy. It insures the lender for the amount of the loan, not the purchase price of the property. There are three basic ALTA policies. One deals with homes described by lot, block and tract. Second once deal with homes described by either the metes-and-bounds or government survey system. Third one deal with construction loans. The extended coverage lender policy protects the lender only, not the purchaser, from the risks covered. Buyers who desire extended protection must pay for that protection must pay for that protection. In addition to the coverage offered by standard policy, the extended coverage policy of title insurance includes: -unrecorded liens -off record easements -rights of parties in physical possession, including tenants and buyers under unrecorded instruments -right and claim that a correct survey or physical inspection would disclose -mining claims -water right -lack of access. Insurers generally require a survey before they issue an extended coverage policy of title insurance. The extended coverage policy does not cover: -matters known by the insured but not conveyed to the insurer -government regulations such as zoning -liens placed by the insured -eminent domain -violations of the map act