This document, included in the seller's opening package, requests that the seller swears under penalty of perjury that they are “not a non-resident alien for purposes of United States income taxation.” A Seller unable to complete this affidavit may be subject to withholding up to...
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...
This is a question that comes up quite a bit when buyers are purchasing a home. In a separate blog post, we discussed what the Escrow Impound Account is and why it may be beneficial (or required) for a buyer. But we did not discuss...
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...
As a home buyer or seller, an Escrow Officer is someone you may not have direct contact with during the home buying or selling process. Unlike your real estate agent or broker, who you speak to and see on a more regular basis, the Escrow...
It is actually quite common that you may be asked to pay down some of your debt during the escrow process. It may be a car, or credit cards, or other personal loans. Don’t consider this a bad thing! In a way, it’s a lot...
Purchasing a new home is usually the most significant investment an individual will ever make. And whether you’re a first-time homebuyer or you have purchased multiple properties before, the process never seems to be crystal clear and simple to understand. Take escrow and trusts, for example....
The escrow process usually elicits questions from both buyers and sellers and can feel even more overwhelming for someone who has never bought or sold a home before. But, we have great news! Armed with a bit of information, the escrow process can feel worlds more...
The process of buying or selling a home can be an exhilarating time! For both buyers and sellers, the journey is full of various emotions and plenty of twists and turns. It’s no surprise given how many nuances, steps are involved, and people who play...
There are a lot of moving parts when a home trades hands between a seller and a buyer, and whether you are doing this for the first time or you are a seasoned professional, understanding all of the paperwork involved can be overwhelming. Let’s take...