As a borrower, there is a substantial amount of paperwork to keep track of when refinancing. The “Notice of the Right to Cancel Escrow” is part of the final loan document package, and it is sometimes referred to as the “3-Day Notice of Cancellation” or...
This document, included in the seller's opening package, requests that the seller swears under penalty of perjury that they are “not a non-resident alien for purposes of United States income taxation.” A Seller unable to complete this affidavit may be subject to withholding up to...
The Statement of Information Form is just one of the many documents you’ll come across when buying or selling a home. So, today, we wanted to shed some light on this topic by sharing some valuable information about this particular form. What Is the Statement of...
This is a question that comes up quite a bit when buyers are purchasing a home. In a separate blog post, we discussed what the Escrow Impound Account is and why it may be beneficial (or required) for a buyer. But we did not discuss...
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...
It’s hard to believe that 2020 is almost here. And as we get ready for the dawn of a new decade, many of us will put together a list of New Year’s resolutions. Of course, we have every intention of keeping them. But as they...
As a home buyer or seller, an Escrow Officer is someone you may not have direct contact with during the home buying or selling process. Unlike your real estate agent or broker, who you speak to and see on a more regular basis, the Escrow...
It is actually quite common that you may be asked to pay down some of your debt during the escrow process. It may be a car, or credit cards, or other personal loans. Don’t consider this a bad thing! In a way, it’s a lot...
Purchasing a new home is usually the most significant investment an individual will ever make. And whether you’re a first-time homebuyer or you have purchased multiple properties before, the process never seems to be crystal clear and simple to understand. Take escrow and trusts, for example....
California has seen its fair share of natural disasters already this year. Most notably, more wildfires that have ravaged the state each year since 2017, leaving a wake of destruction in their path. And sadly, we are not out of the woods yet because on...