escrow: Why Am I Learning About Escrow at the Closing Table?
- 04/07/16 06:48 AM
At Title Junction we do not encourage anything quite like we encourage consistent and concise communication between all parties involved in each individual real estate transaction. It is important to maintain communication not only to reach the desired closing date but to make sure that both buyer and seller are aware of what they are agreeing to. However, though many are doing their best to provide both buyers and sellers with the best information, they are still reaching the closing table confused when it comes to impound accounts. An impound account, also referred to as an escrow account, is set up by … (2 comments)
escrow: What is Escrow?
- 07/20/15 11:28 PM
What is Escrow? The term Escrow can be a bit confusing for homebuyers, especially if this is your first time buying a home. When you submit an offer on a home you make an earnest money deposit to be placed in escrow to show the seller that you are committed to purchasing the property. This deposit is held by a neutral third party that has no interest or gain from the transaction. Having a neutral third party handle this gives both the seller and the buyer peace of mind that your transaction will be handled in a professional and ethical manner. The … (1 comments)
Having the title agency double as your escrow agent is a very popular service that many Cape Coral For Sale by Owner homebuyers and sellers take advantage of. When the agency acts as escrow agent, they are authorized to handle funds related to the sale and ensure no funds change hands until the sale is complete. Escrow agents may hold the earnest money, pay off the seller’s mortgage or file tax payments. Title agencies also file the documents of record with the appropriate governmental bodies so that the transfer of the Cape Coral or Fort Myers For Sale by … (0 comments)
escrow: To Escrow or Not To Escrow...
- 08/09/12 01:21 AM
What Does It Mean To Escrow Property Taxes? Escrowing your property taxes is a simple concept and useful tool for many property owners. When you escrow your property taxes, your lending company will assess you an extra amount over and above your mortgage payment each month. The amount and the fact that it is to be escrowed will be clearly explained on your monthly mortgage statement. These payments are placed into an escrow account where they accrue and remain until it is time to pay your property tax bill. Over time, you will have paid enough in small amounts to … (4 comments)
escrow: Safeguarding Everyone's Interests
- 10/03/11 07:07 AM
Real estate title companies are impartial service providers to everyone involved in the transaction. From realtors and buyers to sellers and mortgage lenders, the title company does not have a personal interest in the property. This impartially ensures that a legitimate title search is conducted and that each party involved in the transaction receives the same treatment. A title agent's job is to ensure that all paperwork is in order, that the people involved are who they say they are and that no money changes hands until all of necessary documents and paperwork have been signed. This safeguards everyone's interest in … (3 comments)
At Title Junction we do not encourage anything quite like we encourage consistent and concise communication between all parties involved in each individual real estate transaction. It is important to maintain communication not only to reach the desired closing date but to make sure that both buyer and seller are aware of what they are agreeing to.
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