life of an escrow: How does Escrow work?? Clear Lake Texas Real Estate - 04/11/09 07:49 PM
If you've ever made an informal bet with a friend, you may have asked a third person to hold the money until the wager was resolved. When you take out a mortgage to buy a home, you're doing something similar by opening an escrow account.
How it works
When you put money in escrow it is held by a neutral third party (called an escrow agent) who works for both the lender and the borrower. The agent's role is to carry out the instructions agreed upon by both parties. The money is released when all the terms of the agreement … (2 comments)

life of an escrow: Life of an Escrow and it's purpose-How Does Escrow Work? - 04/05/09 12:23 PM
The Life of an Escrow and it's purpose-How Does Escrow Work?
Ever get asked this question and found your self guessing?
If you've ever made an informal bet with a friend, you may have asked a third person to hold the money until the wager was resolved. When you take out a mortgage to buy a home, you're doing something similar by opening an escrow account.
How it works
When you put money in escrow it is held by a neutral third party (called an escrow agent) who works for both the lender and the borrower. The agent's role … (0 comments)

life of an escrow: May 1st will homes become more AFFORDABLE? - 04/05/09 12:16 PM
 
Making Homes Affordable Program. Starts May 1st!
Introducing Relief Refinance Mortgages in Support of the Federal Making Home Affordable ProgramMarch 4, 2009 Single Family Advisory
 
Freddie Mac is pleased to play a key role in sustaining homeownership and supporting the federal Making Home Affordable Program by introducing the Freddie Mac Relief RefinanceSM Mortgage.
This simplified refinance mortgage will help borrowers who are making timely mortgage payments but have been unable to refinance due to declining property values and tightening credit terms by offering:
Expanded LTV/TLTV/HTLTV ratios. No post settlement delivery fees, except for the Market Condition delivery fee. … (1 comments)

life of an escrow: The Life of an Escrow and it's purpose-How Does Escrow Work? - 03/30/09 09:46 AM
Ever get asked this question and found your self guessing?
If you've ever made an informal bet with a friend, you may have asked a third person to hold the money until the wager was resolved. When you take out a mortgage to buy a home, you're doing something similar by opening an escrow account.
How it works
When you put money in escrow it is held by a neutral third party (called an escrow agent) who works for both the lender and the borrower. The agent's role is to carry out the instructions agreed upon by both parties. The … (1 comments)

life of an escrow: Explanation of the Title Commitment - 03/30/09 05:49 AM
Need an Explanation of the Title Commitment?
Explanation of the Title Commitment
The first time you receive a copy of title company commitment, you might find it difficult to understand.  Actually, the commitment is an easy document to read. Once familiar with the commitment, it becomes a road map to follow to ensure that the property being transferred is in insurable condition.
Explanation:
Schedule "A"
Date - This is the date and time to which the records have been examined. GF Number- (Guaranty File Number)Number given by company to identify file. Use this number when calling for any … (3 comments)

 
Kevin Heinrich (Heinrich Group)

Kevin Heinrich

Clear Lake City, TX

More about me…

Heinrich Group

Address: 5827 Beaver Falls Dr., Houston, Tx, 77346

Mobile: (281) 723-1982

Real Estate News with a Value added punch Clear Lake Texas Real Estate

I think this is a good rule to live by! "We are not put on this earth for ourselves, but are placed here for each other. If you are always there for others, then in time of need, someone will be there for you." ~ Jeff Warner

One last thought for the day:

"Winners Make it Happen, Others Let it Happen!"

kheinrich@firstam.com www.fatcohouston.com



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