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	Escrow & Title 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 Learn about contingencies The majority of purchase agreements have what is known as contingencies. These contingencies are terms that must be bet in order for the agreement to go through. These contingencies could be building inspections, delivery of the title or the approval of financing. They are a necessary part of any agreement because it is these contingencies that make clear certain terms. This is how you know who is responsible for what and how you can be sure that you will not put out money only to find out later that the other people involved in the agreement are not going through with their end of the agreement. If that were to happen you could find yourself out of a lot of money. Contingencies protect you from losing your money. When all of the contingencies of this agreement have been met in full the deal will be able to close to the satisfaction of all parties. Any agreement can have contingency clauses built into it. These contingencies could be simple or complex, they are simply there to make sure that those involved in the agreement do not shirk their responsibilities. It is a legal way of committing to a certain course of action. As an example and inspection contingency could allow the builder 14 days in which to get the foundation inspected and passed. You could have contingency clauses that pertain to the actual building of the house, the inspections or even the mortgage agreement. One of the most common contingencies that can be found in home purchase agreements is when the buyer is planning on building a pool in the backyard. In this case they will have a contingency clause that states that they will only purchase the house and property if the land is stable enough that a pool can be built safely. When the contingency has been met both parties will have to sign a document stating that this is really the case. It is very important that you keep an eye on all of your dates because if the deadlines comes and goes and there is no document signed it will be seen as acceptance of the contingency and it will not matter if it was actually carried through. Contingencies make it easier for you to get out of a bad agreement, one in which the sellers or builders do not fallow through with their promises.