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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 Real estate taxes pro-rated There are several different fees and costs that will be pro-rated and the real estate taxes will be one of them at closing time. There is not often a problem with the prorations but there are cases in which a snag occurs when there is an increase in the tax assessment once the escrow is closed. If this happens to you, who is going to pay the difference? Is it going to be up to you to pay however much is left to pay? It depends, the best way to avoid this situation is to sign a proration agreement. These are great agreements because they have the buyer and the seller agreeing to make up any differences between themselves fairly. Generally the seller will be asked to kick in a little extra money anyways because taxes are known to go up just about every year anyway and there is no solid way to know exactly how much. You could ask the seller to put up 110% of the daily fee, this should cover any increases that may pop up. This is your best course of action because once escrow has been closed you are not going to want to visit the seller and ask for them to pay more money. First of all who knows if they would and second of all it would just be awkward. This way all of that is avoided. The chances of this happening to you depends largely on when your tax assessment dates are. These dates are not the same in each state so you will have to find out about your own home state.