Posts Tagged as: Real Estate Title and Escrow Information

When Escrow proceeds to close a sale transaction or do a refinance the title issues must be cleared up prior to closing the sale or putting a new loan in place. They do this by reading the title report and determining what needs to be cleared up and what stays.

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A road maintenance agreement is usually a good thing to have in place if you share a common access with one or more properties. Sometimes the only access to some properties is on a private easement road from a public right of way; this means that the responsibility of the road maintenance falls on the […]

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Escrow is a neutral disinterested party who holds and disburses the party’s funds and prepares the loan and HUD documents and transfers the ownership of the property in accordance with written instructions and the terms spelled out in the purchase and sale agreement.

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The tax parcel number identifies a parcel just kind of like your social security number identifies you. The assessor is the one who assigns the tax ID number to the property and when an additional segregation is done on a property, the assessor is the one who assigns the new numbers. The assessor has appraisers […]

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Title Insurance is a one time policy that protects the new buyer and the lender against any claims against the title. A search of the public records is conducted to see what is recorded against the title. Some of the things that are looked for are deeds, debts, easements, assessments and also the new buyer […]

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