Escrow

14 Articles total.
An Overview of the Escrow Account

On Feb 25, 2015 0 104 52

Whether buying or selling real estate, you will inevitably deal with an escrow account. If you are not familiar with an escrow account, here is an overview. An Overview of the Escrow Account A real estate transaction is a high dollar transaction...

Lenders Do Not Really Trust You

On Feb 25, 2015 0 104 52

Whether you are selling or buying a home, you should always go through an escrow period. Part of the process involves the establishment of a lender account since they do not trust you. Lenders Do Not Really Trust You Escrow is not a process that is used only in real estate transactions...

Understanding Escrow

On Feb 25, 2015 0 104 52

When we talk about escrow as it relates to mortgages and real estate we are actually talking about two different topics that concern home buyers: the closing of the sale on a house (referred to as escrow) and the mortgage escrow account (a fund set aside for on-going expenses while the lender holds the note on your house)...

Who Is Responsible For Closing Costs

On Feb 25, 2015 0 104 52

Buying or selling a home is a euphoric experience for both of the parties involved. This euphoria can cool when you learn which party is responsible for the closing costs. Who Is Responsible For Closing Costs When looking to buy or sell a home, every person eventually arrives at the question of funding closing costs on the transaction...

Home Loans – Understanding The Basics

On Feb 25, 2015 0 104 52

When you decide to get a home loan, there are a number of costs that are involved. If you are fortunate, the seller of the home may agree to cover some of the expenses for you. Some of the expenses you will see when getting a home loan is the closing costs, prepaid items, and loan discount fees...

Bridge Loans – From One Home to the Next

On Feb 25, 2015 0 104 52

You’ve lived in your home for some time and circumstances such as an expanding family mean you need a new one. This brings up the subject of bridge loans. From Here to There You have two basic options when you are considering selling one home to move to another...

Budget for Closing Costs – Loan Origination Fees and PMI

On Feb 25, 2015 0 104 52

Once you reach an agreement on the purchase of a home, things start moving quickly. In the chaos, it is important to remember to budget for closing costs. Budget for Closing Costs – Loan Origination Fees and PMI Closing costs are fees associated with miscellaneous events associated with a home purchase, things such as property inspections...

Budget for Closing Costs – Property Taxes, Legal Fees and Such

On Feb 25, 2015 0 104 52

You probably spent a good bit of time getting disciplined to save money for your home purchase. You need to carry this financial discipline through the escrow period or you could run into problems. Budget for Closing Costs – Property Taxes, Legal Fees and Such When you decided it was time to purchase a home, you went through a number of steps to get your finances in order...

Closing Costs When Purchasing A Home

On Feb 25, 2015 0 104 52

Buying a home is a financial strain if you are making a sizeable down payment. This can lead to problems if you forget the hard, cold cash you will need for closing. Closing Costs When Purchasing A Home Everybody looking to purchase a home no doubt wonders what the average closing costs will be...



Coinciding Settlements Clauses - Funding Issues

On Feb 25, 2015 0 104 52

People who are selling their home in order to buy another frequently put a "coinciding settlements" clause into their contract offer on the new home. The purpose of this is usually twofold. In this article, we discuss the first purpose which is to use funds from the old home to pay for the new one...

Coinciding Settlements Clauses - Moving Issues

On Feb 25, 2015 0 104 52

People who are selling their home in order to buy another frequently put a "coinciding settlements" clause into their contract offer on the new home. One reason for doing this is so they can move from one home to the other at the same time...

FSBOs –The Secret of “After Settlement Escrow” to Solve Problems

On Feb 25, 2015 0 104 52

Most FSBOs (people who are selling their own homes) are aware of the conventional use of escrow. In this article, we look at ways to use escrow to solve problems. Escrow Escrow means different things in different parts of the country...

How to Save Your Home from Foreclosure

On Feb 25, 2015 0 104 52

The Great American Dream of homeownership is what many in our country diligently strive for. Homeownership brings many benefits, as well as responsibilities. Entrance into the status of homeowner may come with little or no cash investment for a down-payment...

Three Party Closings In Real Estate

On Feb 25, 2015 0 104 52

One of the ways to make money in real estate is to move property as quickly as possible. Jumping from one home to another often leads to a double closing situation. Three Party Closings In Real Estate Traditional home sales involve two parties, a buyer and seller...

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