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...