escrow: Escrow: Property Taxes - 12/01/08 03:17 PM
What About Property Taxes? The terms of your transaction and the resultant escrow instructions determine how the property taxes will be handled. If there is no mention of the proration of taxes, your escrow officer will not deal with any credits or charges for prorated taxes. However, if your escrow … (0 comments)
escrow: Escrow: Cancellations - 12/01/08 03:16 PM
What About Cancellations? No escrow is opened with the intention that it will cancel, but there are occasions when a contingency cannot be met or when the parties disagree during the pendency of the escrow. Some escrow holders provide for such an event by incorporating an instruction in the typed … (0 comments)
escrow: Escrow: What Is A Closing Statement - 12/01/08 03:13 PM
A closing statement is an accounting, in writing, prepared at the close of escrow which sets forth the charges and credits of your account. The items shown on the statement will reflect the purchase price, the funds deposited or credited to your account, payoffs on existing encumbrances and/or liens, the … (0 comments)
escrow: Escrow: Basics - 12/01/08 03:13 PM
Escrow: What is it? Very simply defined, an escrow is a deposit of funds, a deed or other instrument by one party for the delivery to another party upon completion of a particular condition or event.
Why Do I Need an Escrow? Whether you are the buyer, seller, lender or … (0 comments)
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What About Property Taxes? The terms of your transaction and the resultant escrow instructions determine how the property taxes will be handled. If there is no mention of the proration of taxes, your escrow officer will not deal with any credits or charges for prorated taxes. However, if your escrow … (0 comments)
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