23 Dec Happy Holidays!
From all of us at American Trust Escrow, we wish you health, comfort, and prosperity this holiday season. May your home be filled with the joy of family and friends. Merry Christmas!! ...
Author: American Trust Escrow
16 Dec Understanding the Private Mortgage Insurance Premium Cost in Escrow
When purchasing a home, lenders will require home buyers to purchase Private Mortgage Insurance on FHA loans because their down payment is less than 20% of the value of their new home. This insurance allows borrowers with less cash to purchase a home with smaller...
09 Dec Anti-Deficiency Protection for Short Sales
Senate Bill 931, providing California Short Sale Deficiency Protection, will go into effect on January 1, 2011. This new law states that existing lenders of record who have approved and agreed upon a short sale will not be able to obtain a deficiency judgment against...
25 Nov Happy Thanksgiving from the American Trust Escrow Family!
During this time of Thanksgiving, all of us at American Trust Escrow would like to express our sincere appreciation for our readers! Thank you for taking the time to read our blog and the wonderful feedback you provide. From our family to yours, we wish...
18 Nov Impound Accounts – Explaining the Calculation
At the time of signing loan documents, the buyer is presented with an estimated settlement statement by their escrow holder. This statement includes the initial amount the lender will collect in order to establish the Impound Account. This amount often brings up questions from the...
04 Nov An Explanation of Property Deeds
In every purchase/sale of Real Estate, the buyer is granted title to the property from the seller through the delivery of a Deed. The escrow company/title company or an attorney prepares this Deed, and the Deed shows the seller, currently vested on title, is granting...
30 Sep Interested in Closing Escrow in as Soon as a Week? Consider an All Cash Escrow.
In Today’s tight-lending market, individuals looking to invest have the opportunity to capitalize on some great deals and benefits when making an “all cash offer” on a property. An “all cash offer” is an offer that does not require a third party lender. ...
23 Sep Life of an Escrow
For some, the escrow process can be perceived as confusing, perhaps even overwhelming at times. Buyers and sellers are dealing with deadlines, mounds of paperwork, and signatures galore. It is not uncommon to feel anxious and have questions during the process. As...
08 Jul Loan Documents are in Escrow. We’re Ready to Close Then, Right? Not Necessarily…
As the close of escrow date draws near, the buyer and seller are usually eager to close. And, loan documents arriving in escrow represent a big step towards the completion of the escrow and the transition of the property to the new owner. ...
24 Jun Reappraisal Exclusion Program–Tax Savings For Sellers 55 And Over
To help homeowners over the age of 55 be able to afford to move to a different home in California or purchase a “move down” home and not suffer an increase in property taxes, Propositions 60 and 90 were passed. The Propositions, also known...