orange county: Property Taxes and Escrow - 02/03/09 04:09 PM
PROPERTY TAXES AND ESCROW
PROPERTY TAXES ARE PRORATED IN ESCROW
Review the estimated HUD and call escrow BEFORE it closes if you have any questions regarding how the taxes are prorated.
 PROPERTY TAXES WILL BE HELD FROM SELLER'S PROCEEDS IF THEY ARE SHOWING UNPAID UNLESS...
The seller sends us a cashier's check made out to the title company or the tax assessor for us to pay
The seller provides us with a cancelled check or their account information to verify that the check to the tax collector has cleared
 PROPERTY TAXES THAT ARE PAID BY IMPOUND ACCOUNT
Seller's property taxes will … (2 comments)

orange county: Foreclosure Timeline Followed by Title Companies - 02/03/09 04:06 PM
A lot of questions have been asked recently about the actual time line for a foreclosure. I think this is probably because properties have been languishing in "foreclosure hell" for months and months. So to set the record straight, here is the official time line that title companies issuing the TSG (trustee sale guarantee) must follow:
 
THE NOTICE OF DEFAULT must be mailed to the property, published in the paper and recorded. Contrary to popular belief that the process starts after 90 days of delinquency, it may actually be started as soon as one day after payment is due. For … (1 comments)

orange county: The Numbers Are Encouraging if You Understand Them - 08/07/08 10:52 PM
This is a buyer's market so obviously the numbers are encouraging to them, not sellers.  But, if you think the market is stagnant, if you think people are sitting around waiting, you would be wrong.  It is not unusual for any property under $600,000, but especially for a bank owned one to have 6 to 12 offers or more.  Orange County had 1,184 bank owned properties in the MLS as of July 11.  How many were bought in May? Just about half of them sold with a total of 570.  Time needed to sell all foreclosed homes?  That was a low … (1 comments)

orange county: It's Important to Understand the Housing Market Regionally as Opposed to Nationally - 08/06/08 10:42 PM
This is probably the biggest hurdle the real estate industry has to get over in the minds of consumers.  Unfortunately a lot of the news out there is the dismal outlook for national housing.  Regions such as the mid-west, specific cities such as Detroit, or sub-prime havens such as Riverside and San Bernardino or even Las Vegas and Phoenix, have many more problems than we do here in Orange County and Los Angeles.
That is not to say that prices are not poised for a further drop, because they are.  There is more on that in the next section.  But it … (5 comments)

orange county: Highlights of the Recent Housing Relief Act - 08/05/08 11:50 AM
I interviewed Bill Daniels of Wells Fargo in Yorba Linda August 4, 2008 regarding the recent House bill.  Click on the video for the interview of Bill pointing out some of the highlights regarding the bill.
 
… (0 comments)

 

Stacey Sloan

Yorba Linda, CA

More about me…

Fidelity National Title-The Sloan Team

Cell Phone: (714) 350-6628

Email Me



Links

Archives

RSS 2.0 Feed for this blog