This post covers the life of an escrow. Open escrow and issue Escrow Number. Order title search and preliminary report. Receive and review preliminary report. Prepare escrow instructions and commission order and send broker packages. Order payoff demands on all
Real Estate Transaction: Who Pays for What, Buyer or Seller?
This chart shows what things each party (buyer or seller) is expected to pay in a typical real estate transaction: Seller Buyer Real estate commission Document preparation fee for deed Document transfer tax, if any Payoff of all loans in
8 Basic Steps to a Real Estate Transaction
There are usually two parties in a real estate transaction, the owner (grantor) and the person or entity to which the owner grants or transfers ownership (grantee). Since you are likely either selling or buying real estate, the following applies
Conditions, Covenants and Restrictions (CC&Rs)
You may have heard or read something about a given property’s Conditions, Covenants and Restrictions, also referred to as CC&Rs. Some properties have CC&Rs, some don’t. CC&Rs may be executed at the government level or at the community level in
How to Stay Pre-approved for a Mortgage
Income Do not make changes to your income sources, including: Losing a rent paying tenant Decreasing your work hours Receive less tips/wages Change jobs Marital Status Address any changes to your marital status at the beginning of the process. AssetsBe
6 Steps to Get Pre-approved for a Mortgage
Before you go home hunting, consider getting yourself pre-approved for a mortgage. Here are six steps towards getting pre-approved. If you have no credit, bad credit, or a lower than desireable credit score, see How to Improve Your Credit Score.