01 Jun What Is Escrow?
Check out our latest video to help people understand what goes on in an escrow! ...
Important Information
24 Jan CAL FIRPTA WITHHOLDING
The Foreign Investment in Property Tax Act (FIRPTA) is a certificate of non-foreign status. FIRPTA addresses the disposition of U.S. real property interest by a foreign person. Section 1445 of the Internal Revenue Code requires that all transferees (buyers) of real property owned by a...
07 Nov Social Media + RESPA
One of our priorities here at CV Escrow is to ensure we keep you informed about topics affecting our industry! So, we wanted to share with you a few details about a pretty hot topic: Social media + RESPA We all love social media. It’s...
17 Oct Understanding Escrow Terminology
The language of escrow and the real estate transaction doesn't need to be a stumbling block; once you know the terms, these words become what they are meant to be - valuable tools to help smooth the road to a successful transaction. Contingency This is a clause...
26 Aug FinCEN Updates Geographical Targeting Order
On July 26, 2016, the Financial Crimes Enforcement Network ("FinCEN"), a bureau of the United States Department of Treasury, issued a Geographical Targeting Order ("GTO") requiring title insurers, their subsidiaries and agents, to report certain information in connection with the purchase of 1-4 unit residential...
15 Aug Get Your Real Estate Contacts In Order
When dealing with as many people as a real estate agent does throughout the normal, daily routine, keeping track of names, faces, numbers and affiliations can be a challenge. A good real estate agent works with many personalities throughout the day, and in order to...
22 Feb What Do You Actually Own In Your Home?
Many people don’t realize that there’s a difference between what they own personally and what their home owns, and when it comes time to sell, the confusion can cause a lot of problems. Take the period chandelier in your entryway, for example. It’s the perfect...
08 Feb Tax Breaks For Home Owners
Buying a home is one of the biggest investments you will ever make, but it can also be one of the best if you take advantage of different tax breaks. There are a variety of them available and they can save you big money each...
25 Jan C.L.U.E.® Reports No Longer Available Through CV Escrow
C.L.U.E.® Home Sellers Disclosure Reports will no longer be available through CV Escrow or any other disclosure companies. LexisNexis®, the company that owns the C.L.U.E.® Report, has decided to discontinue the sale of the report through third party vendors such as California disclosure companies. Should a...
11 Jan CFPB Requires Owner’s Policy as Optional
The CFPB is requiring that the owner’s policy be disclosed as “optional” due to the fact that unlike the lender’s policy which is required by most institutional lenders in the country, an owner’s title insurance policy is not a transactional requirement nationwide. This new descriptor was...