Escrow Accounts and Closing Process A real estate contract may require the buyer to provide an earnest money deposit to show the seller their sincerity in purchasing a property. Generally, the funds are held in an escrow account established by a settlement/closing agent or attorney for the purpose of disbursing funds being held on behalf of others. Key Players In accordance with local custom, generally
Overcoming Owner’s Policy Objections
February 01, 2019 / Categories: Realtor, ResidentialOvercoming Owner’s Policy Objections When the TILA-RESPA Integrated Disclosure (TRID) requirements went into effect, lenders began issuing a new Closing Disclosure to homebuyers. This new form lists the Owner’s Policy of title insurance as an “optional” purchase. While an owner’s title insurance policy has never been required, this “optional” language may spur questions regarding the value of title insurance. Below are some of the more
February News Brief
February 01, 2019 / Categories: Commercial Real Estate, Cybersecurity & Wire Fraud, Realtor, ResidentialFebruary News Brief The Landmark Abstract News Brief is a roundup of noteworthy articles from both the residential and commercial title industry. The February News Brief features several different articles on both the commercial and residential real estate industry. Use the link below to review the February News Brief. News Brief – February 2019 Some of the articles contained within include: The 4 Most Common Real Estate