Author: American Trust Escrow

Let’s take a closer look at escrow fees charged for both Buyers and Sellers, that generally appear on the closing statement with other related closing costs such as loan fees, commission, required repairs, disclosure costs, title fees, taxes, and payoffs.  Requesting an estimated closing statement from...

Frequently Asked Question: What is a supplemental tax bill, and why did I receive it? The County Treasurer/Tax Collector issues a supplemental tax bill when the assessed value of changes. The three most common events that trigger a supplemental tax bill are: Change of Ownership Death...

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...

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...

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...