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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 What do escrow agents have to report? What do escrow agents have to report anyway? Well, for starters anyone who is going to be closing a real estate transaction, whether they are an escrow agent, a lawyer or a title company, will have to report the sale to the IRS. The form used for this report is the 1099-S form. They will also be responsible for sending a statement to the seller with complete details of the entire transaction including the gross proceeds of the sale. There is one exception to this rule and one only. If the sale of your property is under $250,000 and you have lived there for at least 2 of the last 5 years then your agent or representative will not have to file with the IRS. If you are married the amount can be larger but under $500,000. You will have to sign documentation stating that you are exempt from this type of reporting. The form that you will have to fill out is called a Certification for No Information Reporting on the Sale or Exchange of a Principal Residence. That is a long name but you need to know it if you want to do things that right way and it is essential that you do. You do not ever want to mess with the IRS. You will have to fill out this form when the deal is closed and on it you will have your seller information as well as your personal information such as your Social Security Number and your address. You will have to state in what ways you have met the exemption rules.