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!! ...
Resources
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...
02 Dec The Preliminary Change of Ownership Report: An Explanation for Buyers
In every purchase/sale of Real Estate, a Preliminary Change of Ownership Report (PCOR) must be filed. The PCOR must be filed for other types of transfers as well, but in this blog we will consider only purchase/sale transactions. After opening escrow, a buyer can expect...
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...
11 Nov Escrow Impound Accounts Explained
An Impound Account, also known as an Escrow Impound Account, is an account set up and managed by mortgage lenders to pay property taxes and insurance on behalf of the home buyer. These accounts are set up with the lender during escrow to ensure that...
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...
19 Oct QR Codes in Real Estate Marketing
Tuesdays, here at the American Trust Escrow website, we post Technology Tips designed to help you, the REALTOR®, grow your business, keep up to date on the latest technologies, and move you forward into the new era of real estate. Today, QR codes, or “Quick Response”...
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. ...