Escrow is a term that describes the neutral third-party handling of funds, documents, and tasks specific to the closing (or settlement, as it is also known), as outlined on the real estate purchase agreement or sales contract. The purpose of escrow is to facilitate the transaction by managing the disbursement of funds. KEY PLAYERS In accordance with
Title insurance is recommended for a newly constructed home even though the home itself has no title history. Because your new home was built on unimproved land, there may have been many prior owners of the property and with those prior ownerships comes the uncertainty of a clear chain of title. Additionally, obligations to contractors who worked
The Landmark Abstract News Brief is a roundup of noteworthy articles from both the residential and commercial title business. The July News Brief contains articles on arrests of hackers, scammers targeting home buyers by posing as brokers, “Building Culture,” Notarial Law and e-closings and much more! News Brief – July 2018
We understand that keeping you informed is an essential part of the closing process. A title commitment is an important document that contains information specific to your transaction. To help you gain a better understanding of its importance, here is an overview of the basic sections commonly found in a title insurance commitment: SCHEDULE A This section
We have knowledgeable, customer-focused professionals available to answer your title and settlement questions. Throughout the home buying and selling process, you may also encounter the following industry specialists who are able to professionally answer questions in their area of expertise. REALTOR® A REALTOR is a licensed real estate agent and a member of the National Association of REALTORS.