What exactly is escrow? Here’s a Definition. The basics of escrow are fairly simple. By definition, escrow is a term that describes the neutral third-party handling of funds, documents, and tasks specific to a settlement. Initially, the real estate purchase agreement or sale contract outlines this party. Escrow funds are held until conditions have been met per the sales agreement. Starting Off: The Key Players
Introduction
We get it: real estate settlements can be scary! All the papers, all the signing, the amount of money exchanging hands, oh, and let's not forget all of the terrifying language in the mortgage alone!
First off, Landmark Abstract is here to help take the mystery out of your settlement. We hold settlements all the time, and we guide you through every step of the process.
Your Biggest Questions Answered
To start, we have a lot of great blog posts about settlements! We have everything from what to expect during yours to what documents to make sure you bring along. We want to help YOU be prepared for what is a big step in your life.
Settlement Information for Realtors
Next, realtors, we didn't forget you. We have articles to help you prepare you yourself and your clients for the big day.
Downloadable Resources
Hey, did we mention we have downloadable resources about settlements that you can check out? We absolutely do. Oh, and realtors? Print some out to hand out to your clients to read before it's showtime.
Conclusion
Still, when it's all said and done, you are probably coming out with a shiny new deed that says the house is yours! See, that wasn't so bad, wasn't it?
Lastly, we recognize that a real estate settlement can be intimidating for the reasons we stated in the first paragraph, as well as many other. Trust your realtor and the settlement agent. You also have some awesome reading material right here to help you prepare. Good luck! You got this.
Title Commitment Basics
June 29, 2018 / Categories: Settlements, Title InsuranceIntroduction We understand that keeping you informed is an essential part of the closing process. A title commitment is an important document that contains information specific to your transaction. So, let’s go over title commitment basics! This is an important document. We’ve outlined the basic sections of a title commitment below. Watch and Learn! Basic 1: Schedule A- Who’s Involved and What it Costs This
What To Expect at Closing
January 17, 2018 / Categories: SettlementsGet owner’s title insurance and buy your home with confidence Here’s what to expect at closing! Your long home-buying journey is almost over, and found the home you love. Also, the seller agreed to your offer and now it’s time for closing. Of course, there’s a lot to think about right now, and the last thing you want is something to go wrong. So make