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Know Your Responsibilities While In Escrow

Know Your Responsibilities While In Escrow

There are many steps to purchasing a home or property.  One of the last steps is the time during which your loan is being processed.  This is referred to as “being in escrow.”  This happens after your purchase offer has been accepted and after you provide your earnest money to your selected escrow agency.  Although it seems like things are out of your hands now, there are still steps you can take to ensure your property closing goes smoothly. Read the rest of this entry

Learning About Buying And Selling Real Estate In Cape Coral, Fort Myers Or Around Florida: Title Insurance And Escrow From The Beginning

Learning About Buying And Selling Real Estate In Cape Coral, Fort Myers Or Around Florida: Title Insurance And Escrow From The Beginning

Learning what title insurance and escrow mean will lessen the anxiety many people experience when they are entering into real estate transactions.

Buying and selling real property can be a mind bending experience in Cape Coral, Fort Myers, or anywhere else in Florida. Making the process more user friendly is not going to happen soon so learning what the terminology, such as escrow and title insurance, means will go a long way toward relieving the headaches associated with buying or selling real estate. Whether you are looking to purchase or sell in Cape Coral or Fort Myers, understanding what title insurance and escrow are will assist you in your real estate ventures. Read the rest of this entry

Real Estate Closing Survival Guide – Part III

Real Estate Closing Survival Guide – Part III

The buyer and sometimes even the seller are expected to have some money ready to hand over during this fateful meeting. You should be informed of the amount you need before the closing. If you are not, call and ask. You’ll want to bring a certified check or send a wire for the correct amount. Read the rest of this entry

Pros and Cons of Mortgage Escrow Accounts – Part II

Continued from last week.

Downfalls of mortgage escrow accounts

There are several downfalls to escrow accounts. Basically, you are paying someone to do something you could do yourself (make payments on a schedule). Other downfalls occur when escrow accounts don’t work properly, when there is an overage or shortage, and due to missed opportunity cost. Read the rest of this entry

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