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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

Escrow is open

There is much more to escrow than most people realize. The most important thing you need to know is when your escrow is actually considered open. It is not until you
finally give your deposit to your real estate agent and you and the seller have signed the sales agreement. Once these steps have been taken escrow is now open. Not all transactions involve a real estate agent and if you do not have one the escrow can be opened by one of the other parties, the buyer or the seller, it does not matter. Most likely you will have already put down a deposit in good faith.

Your real estate agent will be the one to take this money and deposit in a safe account where it will be kept until the seller and the buyer agree upon all terms of the sale. Your escrow will not be open until this money goes from the hands of the real estate agent to those of an escrow agent. If you are not dealing with an escrow agent you may use a lawyer or a title company.

Now that escrow is open you will receive a file number. There will be an escrow agent or officer assigned to your file in order to see that everything goes smoothly and according to plan. They will stick with you all the way to the closing of the deal. It is through this agent that you will get in touch with the title company or the closing company. It is this person who will be there to answer any questions that you may have about the entire process. No matter when you need to get in touch with this officer they are there for you.