Posted at 14:52h
in
Real Estate News
by cvescrow
It’s September, which means it’s also REALTOR® Safety Month!
So, today, we wanted to share with you some helpful tips to ensure your personal safety is a top priority not just this month, but throughout the year.
Did you know that according to the National Association of...
Posted at 14:58h
in
Escrow
by cvescrow
Changes to Federal Housing Administration (FHA) financing may mean that the doors are opening for more entry-level buyers. These new condominium rules could also mean an uptick in available homes to help meet buyer demand.
The Department of Housing and Urban Development has revised its condo...
Posted at 14:56h
in
Real Estate News
by cvescrow
Proposition 13 has been around since 1978, but voters have the chance to potentially change the California property tax initiative in 2020. Currently, Prop 13 treats all California property taxes in an identical manner, but opponents of the measure are calling for it to exclude...
Posted at 13:29h
in
Escrow,
Real Estate
by cvescrow
The job of an escrow officer is complex, as there are many moving parts throughout a real estate transaction. But one of the more straightforward aspects of the role is calculating the amount of property tax that is due from the buyer and seller.
While...
Posted at 09:11h
in
Escrow,
Escrow 101
by cvescrow
Real estate transactions are filled with many potential pitfalls for buyers, sellers and lenders, and that is why there are so many catch-alls in-place to safeguard these transactions.
You have likely heard the word “contingency” come up during the buying or selling process, but what...
Posted at 14:32h
in
Escrow
by cvescrow
Everyone loves a deal or a discount, but there is that old saying, “You get what you pay for.” This is absolutely true when it comes to escrow, and when you consider that buying a home is one of your largest investments, it pays to...
Posted at 15:21h
in
Escrow
by cvescrow
When purchasing a home, the amount of paperwork can be overwhelming. There are documents for almost every possibility in the home buying process, including the “Notice of Right to Cancel” that pops up during the escrow process. But what is this document and what does...
Posted at 12:22h
in
Escrow,
Escrow 101
by cvescrow
What is the difference between “Assumption” and “Subject To” when it comes to loans? For buyers navigating the escrow process, it’s important to make the distinction. Here, we will look at the general differences between each of these and how their differences impact escrow.
When talking...
Posted at 09:41h
in
Ask Cynthia,
Escrow
by cvescrow
The Question
My lender is requiring that I pay off some credit cards and my car in escrow. Can you tell me how that works?
The Answer
Great question! You may already know this, but one component of qualifying for a home loan revolves around your ‘debt...
Posted at 11:33h
in
Escrow,
Real Estate
by cvescrow
When it comes to opening escrow on a home, there are a lot of moving parts! A question that we get asked a lot about are impound accounts, so we wanted to take this opportunity to explain them in more detail. If you aren’t sure...